Corus Entertainment (TSE:CJR.B) Shares Down 12.2%

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 12.2% on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 673,244 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 721,392 shares. The stock had previously closed at C$0.21.

Analysts Set New Price Targets

A number of research analysts have weighed in on CJR.B shares. National Bankshares decreased their price objective on 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. Canaccord Genuity Group decreased their price objective on 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. Royal Bank of Canada decreased their price objective on Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a report on Tuesday, July 16th. TD Securities lowered Corus Entertainment from a “hold” rating to a “sell” rating and reduced their price target for the stock from C$0.35 to C$0.05 in a report on Tuesday, July 16th. Finally, 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 report on Tuesday, July 16th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, Corus Entertainment presently has a consensus rating of “Reduce” and an average price target of C$0.31.

Corus Entertainment Stock Performance

The company has a market capitalization of C$29.41 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 2.03. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a 50-day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.36.

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.