Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.BGet Free Report)’s share price was down 14.3% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 117,644 shares were traded during trading, a decline of 55% from the average daily volume of 260,970 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

CJR.B has been the topic of a number of research analyst reports. TD Securities decreased their target price 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 reduced their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of C$0.08.

Read Our Latest Analysis on CJR.B

Corus Entertainment Price Performance

The firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.06. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The stock has a market capitalization of C$7.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.66.

Corus Entertainment (TSE:CJR.BGet Free Report) last released its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) 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$267.57 million during the quarter. On average, equities analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

(Get Free Report)

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.

Further Reading

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