Corus Entertainment (TSE:CJR.B) Trading Down 6.3% – Here’s Why

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Scotiabank reduced their price target on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada reduced their target price 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. 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 for the company in a report on Tuesday, July 16th. TD Securities lowered shares of Corus Entertainment from a “hold” rating to a “sell” rating and reduced their price objective for the company from C$0.35 to C$0.05 in a report on Tuesday, July 16th. Finally, National Bankshares lowered their target price on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research note on Tuesday, July 16th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Corus Entertainment presently has a consensus rating of “Reduce” and a consensus target price of C$0.30.

Corus Entertainment Stock Performance

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 stock has a market cap of C$27.45 million, a price-to-earnings ratio of -0.05, a PEG ratio of -0.61 and a beta of 2.07. The stock’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.27.

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.