Corus Entertainment (TSE:CJR.B) Trading Down 31.6% Following Analyst Downgrade

Corus Entertainment Inc. (TSE:CJR.B) shares dropped 31.6% during mid-day trading 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$0.07 and last traded at C$0.07. Approximately 5,794,825 shares changed hands during mid-day trading, an increase of 2,752% from the average daily volume of 203,194 shares. The stock had previously closed at C$0.10.

Separately, Royal Bank Of Canada reduced their price target 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. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Corus Entertainment currently has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Price Performance

The business’s 50-day simple moving average is C$0.09 and its 200 day simple moving average is C$0.09. The company has a market capitalization of C$7.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

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.