Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B) dropped 12.5% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 123,885 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 330,984 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

CJR.B has been the subject of several recent research reports. 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 research report on Tuesday, November 4th. Royal Bank Of Canada reduced their target price on shares of 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. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Corus Entertainment currently has a consensus rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Trading Down 12.5%

The business’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.07. 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 company has a market capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$267.57 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. 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.