Corus Entertainment (TSE:CJR.B) Trading Down 26.3% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B)’s share price traded down 26.3% on Monday . The company traded as low as C$0.07 and last traded at C$0.07. 5,167,285 shares traded hands during trading, an increase of 2,492% from the average session volume of 199,324 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reduced their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$0.15.

Corus Entertainment Trading Down 31.6%

The company has a market capitalization of C$12.96 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 1.80. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The business’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.10.

About Corus Entertainment

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.