Corus Entertainment (TSE:CJR.B) Stock Price Down 5% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares were down 5% during trading on Thursday . The company 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.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price objective on Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target 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 firm’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.12. The stock has a market capitalization of C$19.61 million, a price-to-earnings 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.