Corus Entertainment (TSE:CJR.B) Trading Down 30.8% After Analyst Downgrade

by · The Markets Daily

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s stock price dropped 30.8% on Tuesday after TD Securities lowered their price target on the stock from C$0.05 to C$0.01. TD Securities currently has a sell rating on the stock. Corus Entertainment traded as low as C$0.03 and last traded at C$0.05. Approximately 1,463,405 shares traded hands during mid-day trading, an increase of 622% from the average daily volume of 202,591 shares. The stock had previously closed at C$0.07.

Separately, Royal Bank Of Canada dropped their price objective on 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. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of C$0.08.

Read Our Latest Research Report on Corus Entertainment

Corus Entertainment Price Performance

The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The stock has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The firm has a market capitalization 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.

About Corus Entertainment

(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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