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

Corus Entertainment Inc. (TSE:CJR.B) fell 5% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.10. 151,308 shares traded hands during trading, a decline of 22% from the average session volume of 193,981 shares. The stock had previously closed at C$0.10.

Wall Street Analysts Forecast Growth

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

Corus Entertainment Price 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 has a market cap of C$19.61 million, a P/E ratio of -0.03, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07. The business has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.12.

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.