Corus Entertainment (TSE:CJR.B) Trading Down 22.2% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) shares were down 22.2% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 125,363 shares changed hands during trading, a decline of 48% from the average daily volume of 240,637 shares. The stock had previously closed at C$0.05.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. TD Securities decreased their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Trading Down 22.2%

The stock has a market capitalization of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The company’s 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.09.

Corus Entertainment (TSE:CJR.B) last released its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. The business had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current year.

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.