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

Shares of Corus Entertainment Inc. (TSE:CJR.B) dropped 12.5% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 249,860 shares changed hands during trading, a decline of 44% from the average daily volume of 449,641 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Securities decreased their target price on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research note on Tuesday, November 4th. Royal Bank Of Canada cut their price objective 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. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

The stock has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.07. 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 market cap of C$7.98 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 announced its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The company had revenue of C$267.57 million for the quarter. As a group, analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.