Corus Entertainment (TSE:CJR.B) Trading Down 22.2% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B) fell 22.2% during trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. 212,363 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CJR.B. TD Securities decreased their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research note on Tuesday, November 4th. Royal Bank Of Canada decreased their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Corus Entertainment has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 22.2%

The firm has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.09. The company has a market cap of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.88. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The business had revenue of C$232.09 million during the quarter. On average, analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

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.