Corus Entertainment (TSE:CJR.B) Shares Down 22.2% – What’s Next?

by · The Cerbat Gem

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s share price dropped 22.2% on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares were traded during trading, a decline of 12% from the average daily volume of 241,019 shares. The stock had previously closed at C$0.05.

Analysts Set New Price Targets

CJR.B has been the subject of several research analyst reports. TD Securities dropped their target price on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of C$0.08.

Get Our Latest Stock Analysis on CJR.B

Corus Entertainment Trading Down 22.2%

The stock has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.09. The company has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. The firm 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%. On average, research analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.

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