Corus Entertainment (TSE:CJR.B) Trading Down 31.6% on Analyst Downgrade

by · The Markets Daily

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s stock price traded down 31.6% during mid-day trading 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$0.07 and last traded at C$0.07. 5,794,825 shares changed hands during mid-day trading, an increase of 2,752% from the average session volume of 203,194 shares. The stock had previously closed at C$0.10.

Separately, Royal Bank Of Canada lowered their target price 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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of C$0.08.

View Our Latest Analysis on CJR.B

Corus Entertainment Stock Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The company has a market cap of C$7.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a fifty day moving average of C$0.09 and a two-hundred day moving average of C$0.09.

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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