Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares were down 12.5% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 173,758 shares changed hands during trading, a decline of 28% from the average daily volume of 239,727 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

Several equities analysts have recently commented on CJR.B shares. Royal Bank Of Canada lowered their target price on shares of 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 decreased their price target 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 analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

The firm’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.09. The stock has a market capitalization of C$7.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last announced its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share 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 during the quarter. On average, equities research analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current 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.