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

Corus Entertainment Inc. (TSE:CJR.B)’s stock price fell 22.2% during mid-day trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. 212,363 shares changed hands during trading, a decline of 12% from the average session volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank Of Canada dropped their price objective on 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 lowered their target price 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Price Performance

The stock has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. 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$0.07 and a two-hundred day moving average price of C$0.09.

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