Corus Entertainment (TSE:CJR.B) Stock Price Down 31.6% Following Analyst Downgrade

Corus Entertainment Inc. (TSE:CJR.B) shares were down 31.6% during trading on Tuesday after TD Securities lowered their price target on the stock from C$0.05 to C$0.01. TD Securities currently has a sell rating on the stock. Corus Entertainment traded as low as C$0.07 and last traded at C$0.07. Approximately 5,794,825 shares changed hands during trading, an increase of 2,752% from the average daily volume of 203,194 shares. The stock had previously closed at C$0.10.

Separately, Royal Bank Of Canada dropped their price objective on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Trading Down 12.5%

The firm has a market cap of C$6.98 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. The stock’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.09.

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.