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

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. TD Securities dropped their price objective on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Royal Bank Of Canada reduced their target price 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. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Trading Down 14.3%

The firm’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.08. 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 company has a market capitalization of C$5.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. The company had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, equities research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS 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. The company generates the vast majority of its revenue in Canada.