Corus Entertainment (TSE:CJR.B) Shares Down 22.2% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares were down 22.2% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 125,363 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 240,624 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

Several equities analysts have commented on CJR.B shares. Royal Bank Of Canada lowered 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 report on Wednesday, October 29th. TD Securities lowered 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 note on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 22.2%

The company has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.09. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings data 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 business had revenue of C$232.09 million during the quarter. Sell-side analysts expect 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.