Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 304,412 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 376,963 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

CJR.B has been the subject of a number of analyst reports. TD Securities lowered their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. Royal Bank Of Canada lowered 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. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Corus Entertainment presently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

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 stock has a market capitalization of C$5.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. The business’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.08.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.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 fiscal year.

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. The company generates the vast majority of its revenue in Canada.