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

Corus Entertainment Inc. (TSE:CJR.B)’s share price dropped 14.3% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 694,740 shares were traded during trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada reduced their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. TD Securities dropped their target price on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

The firm has a market capitalization of C$5.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.68. 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 business’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.08.

Corus Entertainment (TSE:CJR.B) last posted its earnings results 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 return on equity of 1,490.58% and a negative net margin of 51.98%. Equities research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.