Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) fell 14.3% on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 301,412 shares changed hands during trading, a decline of 20% from the average session volume of 375,963 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank Of Canada cut their price objective 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 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 note on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Performance

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

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) EPS 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 during the quarter. On average, analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.