Corus Entertainment (TSE:CJR.B) Trading Down 25% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price dropped 25% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 561,929 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 438,948 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CJR.B. TD Securities decreased 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 report on Tuesday, November 4th. Royal Bank Of Canada cut their target price on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company 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 current ratio of 0.69 and a quick ratio of 0.70. 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 1.68. The firm has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.07.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data 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. Research analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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. The company generates the vast majority of its revenue in Canada.