Corus Entertainment (TSE:CJR.B) Trading Down 11.1% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) traded down 11.1% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 194,363 shares traded hands during trading, a decline of 19% from the average session volume of 240,885 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

CJR.B has been the topic of several research 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 research note on Tuesday, November 4th. Royal Bank Of Canada dropped their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Stock Down 22.2%

The stock has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.09. The company has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 0.69 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 business had revenue of C$232.09 million during the quarter. As a group, sell-side analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS 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.