Corus Entertainment (TSE:CJR.B) Trading Down 11.1% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B) dropped 11.1% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 183,348 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 243,506 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CJR.B shares. Royal Bank Of Canada reduced their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. TD Securities decreased their price target on shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

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’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09. The firm has a market cap of C$7.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings data on Thursday, October 30th. The company reported C($1.39) EPS for the quarter. The company had revenue of C$232.09 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. On average, 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.