Corus Entertainment (TSE:CJR.B) Trading Down 22.2% – Time to Sell?

by · The Cerbat Gem

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s share price dropped 22.2% during mid-day trading 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CJR.B. 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 for the company in a research note on Wednesday, October 29th. TD Securities reduced their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$0.08.

View Our Latest Stock Analysis on Corus Entertainment

Corus Entertainment Stock Down 22.2%

The stock has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. The stock has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.09. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B – Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (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, analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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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