Corus Entertainment (TSE:CJR.B) Shares Down 12.5% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) shares fell 12.5% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 560,480 shares changed hands during trading, an increase of 28% from the average session volume of 438,823 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. 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 for the company in a report on Wednesday, October 29th. TD Securities cut 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. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Down 12.5%

The firm has a market cap of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.07.

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 for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. On average, analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

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. The company generates the vast majority of its revenue in Canada.