Corus Entertainment (TSE:CJR.B) Trading Down 14.3% – What’s Next?
by Mitch Edgeman · The Markets DailyCorus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s share price was 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. Approximately 694,740 shares changed hands during trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CJR.B. TD Securities decreased their price objective on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company 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 for the company in a research note 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 price target of C$0.08.
Read Our Latest Research Report on Corus Entertainment
Corus Entertainment Price Performance
The firm has a market cap of C$5.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. 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 simple moving average of C$0.04 and a 200-day simple moving average of C$0.08.
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 for the quarter. The business had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. As a group, analysts forecast 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.