Corus Entertainment (TSE:CJR.B) Stock Price Down 8.3%

Corus Entertainment Inc. (TSE:CJR.B) traded down 8.3% during mid-day trading on Friday . The stock traded as low as C$0.22 and last traded at C$0.22. 920,009 shares changed hands during trading, an increase of 36% from the average session volume of 675,549 shares. The stock had previously closed at C$0.24.

Wall Street Analysts Forecast Growth

CJR.B has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Corus Entertainment from C$1.25 to C$0.50 and set a “sector perform” rating on the stock in a research note on Tuesday, June 11th. National Bankshares reduced their price target on shares of Corus Entertainment from C$0.40 to C$0.25 and set an “underperform” rating for the company in a research report on Tuesday, June 11th. Scotiabank cut Corus Entertainment from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from C$0.90 to C$0.37 in a research note on Monday, June 10th. CIBC lowered their target price on Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Finally, TD Securities lowered their price objective on Corus Entertainment from C$0.70 to C$0.35 and set a “hold” rating on the stock in a research note on Wednesday, June 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$0.67.

Corus Entertainment Stock Down 6.2 %

The company has a market capitalization of C$44.12 million, a price-to-earnings ratio of -0.11, a price-to-earnings-growth ratio of -0.61 and a beta of 2.08. The company has a 50-day moving average of C$0.38 and a 200-day moving average of C$0.63. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

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.