Corus Entertainment (TSE:CJR.B) Trading Down 22.2% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B) shares were down 22.2% during trading on Saturday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares changed hands during trading, a decline of 12% from the average daily volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

CJR.B has been the topic of several recent research reports. Royal Bank Of Canada cut their price target 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. TD Securities lowered their price objective 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 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 company presently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 22.2%

The stock has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The business’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.09. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. The business 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%. As a group, equities analysts expect 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.