Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – Time to Sell?
by Scott Moore · The Cerbat GemCorus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s stock price traded down 14.3% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. 694,740 shares traded hands during trading, an increase of 34% from the average session volume of 516,547 shares. The stock had previously closed at C$0.04.
Analysts Set New Price Targets
Several brokerages have weighed in on CJR.B. Royal Bank Of Canada dropped 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. TD Securities lowered their price target 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 equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.
Get Our Latest Stock Report on Corus Entertainment
Corus Entertainment Stock Down 14.3%
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 stock has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.08. The company has a market cap of C$5.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.68.
Corus Entertainment (TSE:CJR.B – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$232.09 million for the quarter. As a group, analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current year.
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. The company generates the vast majority of its revenue in Canada.