Corus Entertainment (TSE:CJR.B) Stock Price Down 30.8% on Analyst Downgrade

Shares of Corus Entertainment Inc. (TSE:CJR.B) fell 30.8% on Tuesday after TD Securities lowered their price target on the stock from C$0.05 to C$0.01. TD Securities currently has a sell rating on the stock. Corus Entertainment traded as low as C$0.03 and last traded at C$0.05. 4,488,367 shares changed hands during trading, an increase of 1,911% from the average session volume of 223,181 shares. The stock had previously closed at C$0.07.

Separately, Royal Bank Of Canada decreased 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 investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 30.8%

The company has a market capitalization of C$8.97 million, a price-to-earnings ratio of -0.03, a price-to-earnings-growth ratio of -0.61 and a beta of 1.80. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a fifty day moving average price of C$0.09 and a 200-day moving average price of C$0.10.

Corus Entertainment Company Profile

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.