Corus Entertainment (TSE:CJR.B) Trading Down 14.3% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 306,712 shares were traded during mid-day trading, a decline of 19% from the average session volume of 377,963 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CJR.B. Royal Bank Of Canada dropped 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. TD Securities decreased their price target on 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

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 stock has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.08. 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 1.68.

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 for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. Equities analysts predict 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. The company generates the vast majority of its revenue in Canada.