Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – Here’s Why

by · The Markets Daily

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report) was down 14.3% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 694,740 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

Several brokerages have commented on CJR.B. Royal Bank Of Canada lowered their price objective on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. TD Securities lowered their price objective on 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 given a Sell rating to the company. According to data from MarketBeat.com, Corus Entertainment has a consensus rating of “Reduce” and an average target price of C$0.08.

Check Out Our Latest Report on CJR.B

Corus Entertainment Price Performance

The firm has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.08. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The stock has a market capitalization of C$5.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. The firm 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, analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS 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. The company generates the vast majority of its revenue in Canada.

Recommended Stories