Corus Entertainment (TSE:CJR.B) Stock Price Down 17.5%

Corus Entertainment Inc. (TSE:CJR.B)’s share price fell 17.5% on Friday . The stock traded as low as C$0.66 and last traded at C$0.66. 579,890 shares traded hands during trading, an increase of 73% from the average session volume of 335,411 shares. The stock had previously closed at C$0.80.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CJR.B. Canaccord Genuity Group raised their price objective on shares of Corus Entertainment from C$0.50 to C$0.65 and gave the company a “sell” rating in a research report on Monday, January 15th. CIBC boosted their price objective on shares of Corus Entertainment from C$1.00 to C$1.15 and gave the company a “neutral” rating in a research report on Monday, January 15th. TD Securities cut their target price on shares of Corus Entertainment from C$4.50 to C$2.50 and set a “speculative buy” rating on the stock in a research note on Tuesday, January 16th. Finally, Cormark lifted their target price on shares of Corus Entertainment from C$0.85 to C$1.00 in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Corus Entertainment presently has a consensus rating of “Hold” and an average target price of C$1.42.

Corus Entertainment Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25. The firm has a market capitalization of C$115.69 million, a PE ratio of -0.27, a PEG ratio of -0.61 and a beta of 2.03. The firm’s fifty day simple moving average is C$0.76 and its 200-day simple moving average is C$0.76.

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 through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.