Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – Time to Sell?

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 14.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 306,712 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 377,963 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CJR.B shares. Royal Bank Of Canada cut their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. TD Securities dropped their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

The company’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.07. 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 company has a market capitalization of C$7.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. The company had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. As a group, sell-side analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS for the current year.

About Corus Entertainment

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. The company generates the vast majority of its revenue in Canada.