Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) fell 14.3% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 694,740 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 516,547 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CJR.B shares. Royal Bank Of Canada lowered their price objective on shares of 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. TD Securities decreased their price target on shares of 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. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

The firm’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.08. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The firm has a market capitalization of C$5.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) 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 firm had revenue of C$232.09 million during the quarter. As a group, research analysts predict 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.