Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Here’s What Happened

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 694,740 shares traded hands during trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CJR.B shares. Royal Bank Of Canada decreased 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 research note on Wednesday, October 29th. TD Securities decreased their target price 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. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Corus Entertainment currently has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Trading Down 14.3%

The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The business has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.08. The firm has a market cap of C$5.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$232.09 million during the quarter. Analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.