Corus Entertainment (TSE:CJR.B) Stock Price Down 22.2% – Should You Sell?

by · The Cerbat Gem

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s stock price dropped 22.2% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 125,363 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 240,637 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CJR.B shares. Royal Bank Of Canada decreased their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. TD Securities lowered their price objective on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of C$0.08.

View Our Latest Stock Report on CJR.B

Corus Entertainment Price Performance

The firm has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.88. 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 firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.09.

Corus Entertainment (TSE:CJR.B – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. The company had revenue of C$232.09 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. On average, analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current year.

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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