Corus Entertainment (TSE:CJR.B) Shares Down 22.2% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s share price was down 22.2% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 241,019 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

CJR.B has been the topic of a number of recent research reports. TD Securities cut their target price on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada cut their price objective 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. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Down 22.2%

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 stock has a market cap of C$6.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. The company has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.09.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. The business had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. Analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS for the current year.

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.