Corus Entertainment (OTCMKTS:CJREF) Stock Price Passes Below 200-Day Moving Average of $0.92

Corus Entertainment Inc. (OTCMKTS:CJREF)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.92 and traded as low as $0.42. Corus Entertainment shares last traded at $0.42, with a volume of 10,050 shares changing hands.

Wall Street Analyst Weigh In

CJREF has been the subject of a number of recent research reports. CIBC reduced their price objective on shares of Corus Entertainment from C$2.00 to C$1.75 in a research note on Tuesday, October 3rd. BMO Capital Markets lifted their price target on Corus Entertainment from C$1.75 to C$2.15 in a research report on Friday, July 14th. National Bank Financial upgraded Corus Entertainment from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity Group lowered shares of Corus Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, October 30th.

Corus Entertainment Stock Performance

The company has a 50-day moving average of $0.75 and a 200 day moving average of $0.92. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $82.12 million, a PE ratio of -0.27 and a beta of 1.91.

Corus Entertainment (OTCMKTS:CJREF) last issued its quarterly earnings data on Friday, October 27th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. Corus Entertainment had a positive return on equity of 2.71% and a negative net margin of 28.07%. The company had revenue of $254.15 million during the quarter.

About Corus Entertainment

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment operates 33 specialty television networks and 15 conventional television stations.