Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 12.5% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 187,758 shares changed hands during trading, a decline of 22% from the average session volume of 239,787 shares. The stock had previously closed at C$0.04.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target 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 decreased 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 report on Tuesday, November 4th. One 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, 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 market capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.55. The stock has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.09. The company has a quick ratio of 0.70, a current ratio of 0.69 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 return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$232.09 million during the quarter. As a group, analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.