Corus Entertainment (TSE:CJR.B) Stock Price Down 22.2% – Here’s Why

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

Wall Street Analyst Weigh In

Several brokerages have commented on CJR.B. Royal Bank Of Canada lowered 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 report on Wednesday, October 29th. TD Securities decreased their price target 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. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Corus Entertainment currently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Performance

The firm has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.88. The company has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.09. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) 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$232.09 million during the quarter. On average, equities analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.