Corus Entertainment (TSE:CJR.B) Trading Down 14.3% – Here’s Why

Shares of Corus Entertainment Inc. (TSE:CJR.B) fell 14.3% during trading on Tuesday . The company 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on CJR.B shares. Royal Bank Of Canada reduced their price objective on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. TD Securities reduced their price target 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 equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Corus Entertainment currently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Down 14.3%

The company has a market cap of C$5.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68. The stock has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.08. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$232.09 million for the quarter. On average, research analysts anticipate 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.