Corus Entertainment (TSE:CJR.B) Stock Price Down 22.2% – What’s Next?

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CJR.B shares. Royal Bank Of Canada decreased 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 note on Wednesday, October 29th. TD Securities dropped 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 report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to 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 quick ratio of 0.70 and a current ratio of 0.69. The company’s 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.09. The stock has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The business had revenue of C$232.09 million during the quarter. As a group, equities analysts expect 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.