Corus Entertainment Inc. (TSE:CJR.B – Get Free Report) was down 14.3% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 301,412 shares were traded during trading, a decline of 20% from the average daily volume of 375,963 shares. The stock had previously closed at C$0.04.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CJR.B. TD Securities cut their price objective on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research report on Tuesday, November 4th. Royal Bank Of Canada dropped their price target on shares of 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. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of C$0.08.
Check Out Our Latest Analysis on CJR.B
Corus Entertainment Trading Up 14.3%
Corus Entertainment (TSE:CJR.B – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. The company had revenue of C$232.09 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. 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. The company generates the vast majority of its revenue in Canada.
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