Corus Entertainment (TSE:CJR.B) Stock Price Down 12.5% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares were down 12.5% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 85,558 shares traded hands during trading, a decline of 64% from the average daily volume of 239,350 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased 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. TD Securities reduced their price objective on 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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target 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 firm has a market cap of C$6.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.55. The stock’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.09.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) earnings per share 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 for the quarter. As a group, 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.