Corus Entertainment (TSE:CJR.B) Shares Down 5% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B)’s share price dropped 5% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 151,308 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 193,981 shares. The stock had previously closed at C$0.10.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on shares of Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of C$0.30.

Corus Entertainment Trading Down 5.3 %

The stock has a 50-day moving average of C$0.10 and a 200 day moving average of C$0.12. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The stock has a market cap of C$17.65 million, a PE ratio of -0.03, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07.

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.