Corus Entertainment (TSE:CJR.B) Shares Down 12.5% – Time to Sell?

Shares of Corus Entertainment Inc. (TSE:CJR.B) dropped 12.5% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 173,758 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 239,727 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CJR.B. TD Securities decreased their target price 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. 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 on the stock in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Trading Down 6.7%

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 market capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.55. The company’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.09.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. The company 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%. On average, research analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal 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.