Corus Entertainment (TSE:CJR.B) Trading Down 15.8% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B)’s stock price dropped 15.8% during trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 3,362,628 shares were traded during trading, an increase of 1,660% from the average daily volume of 191,013 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reduced their target price on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Corus Entertainment has a consensus rating of “Hold” and a consensus target price of C$0.15.

Corus Entertainment Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The business has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.10. The firm has a market capitalization of C$12.96 million, a price-to-earnings ratio of -0.04, a PEG ratio of -0.61 and a beta of 1.80.

About Corus Entertainment

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets.