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

Corus Entertainment Inc. (TSE:CJR.B) shares fell 14.3% during 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 session volume of 516,547 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada decreased 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. TD Securities dropped their target price 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. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Stock Down 14.3%

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. 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 firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.08.

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. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The firm had revenue of C$232.09 million during the quarter. Research analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS 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. The company generates the vast majority of its revenue in Canada.