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

Corus Entertainment Inc. (TSE:CJR.B)’s stock price fell 22.2% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 125,363 shares changed hands during trading, a decline of 48% from the average session volume of 240,637 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CJR.B. TD Securities reduced their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. Royal Bank Of Canada cut 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 investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Price 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 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.09. The firm has a market cap of C$6.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.88.

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