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

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

Analyst Upgrades and Downgrades

CJR.B has been the subject of several research analyst reports. 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 for the company in a research note on Wednesday, October 29th. TD Securities dropped their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Price Performance

The company has a market capitalization of C$6.98 million, a PE ratio of -0.02, a PEG 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. The company’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.09.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. The firm had revenue of C$232.09 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. On average, sell-side analysts forecast that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.