Corus Entertainment (TSE:CJR.B) Stock Price Down 26.3% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 26.3% on Monday . The company traded as low as C$0.07 and last traded at C$0.07. 5,167,285 shares changed hands during mid-day trading, an increase of 2,492% from the average session volume of 199,324 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

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

Corus Entertainment Stock Down 31.6%

The business has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.10. The company has a market cap 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. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

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.