Corus Entertainment Inc. (TSE:CJR.B – Get 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
Corus Entertainment (TSE:CJR.B – Get 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
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.
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