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

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 22.2% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 210,363 shares traded hands during trading, a decline of 13% from the average session volume of 241,006 shares. The stock had previously closed at C$0.05.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank Of Canada lowered their target price on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. TD Securities reduced 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 report on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

The company has a market cap of C$6.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.88. The stock has a fifty day simple moving average of C$0.07 and a two-hundred day simple 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 announced 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 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 predict that Corus Entertainment Inc. will post 0.0540541 EPS 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.