Corus Entertainment (TSE:CJR.B) Shares Down 11.1% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price dropped 11.1% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 44,202 shares traded hands during trading, a decline of 82% from the average daily volume of 241,105 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Securities decreased their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Royal Bank Of Canada cut 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 report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 11.1%

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 business’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.09. The stock has a market capitalization of C$7.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings data on Thursday, October 30th. The company reported C($1.39) earnings per share (EPS) for the quarter. The business had revenue of C$232.09 million during 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 anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

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.