Corus Entertainment (TSE:CJR.B) Shares Down 11.1% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s share price fell 11.1% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 153,663 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 241,010 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

CJR.B has been the topic of a number of recent analyst reports. TD Securities dropped 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. Royal Bank Of Canada lowered their price target 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 research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Performance

The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The stock has a fifty day moving average price of C$0.09 and a 200-day moving average price of C$0.09. 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 1.88.

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.