Corus Entertainment (TSE:CJR.B) Stock Price Down 22.2% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s share price was down 22.2% during trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares were traded 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 Ratings Changes

Several analysts have recently weighed in on CJR.B shares. TD Securities lowered their price objective 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 reduced their target price 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. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Down 22.2%

The stock’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.09. The stock has a market capitalization of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. 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 announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts expect 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.