Corus Entertainment (TSE:CJR.B) Stock Price Down 6.3% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) was down 6.3% during mid-day trading on Friday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 142,637 shares traded hands during trading, a decline of 79% from the average daily volume of 675,337 shares. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CJR.B shares. Canaccord Genuity Group lowered their price target on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating on the stock in a report on Tuesday, July 16th. National Bankshares lowered their price target on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating on the stock in a report on Tuesday, July 16th. Royal Bank of Canada lowered their price target on shares of Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating on the stock in a report on Wednesday. TD Securities downgraded shares of Corus Entertainment from a “hold” rating to a “sell” rating and lowered their price target for the stock from C$0.35 to C$0.05 in a report on Tuesday, July 16th. Finally, Scotiabank decreased their price objective on shares of Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating on the stock in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of C$0.30.

Corus Entertainment Trading Down 12.5 %

The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a market capitalization of C$27.45 million, a PE ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 2.07. The company’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.27.

Corus Entertainment Company Profile

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.