Corus Entertainment (TSE:CJR.B) Trading Down 5.1%

Corus Entertainment Inc. (TSE:CJR.B)’s stock price fell 5.1% during trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.19. 1,559,818 shares were traded during mid-day trading, an increase of 179% from the average session volume of 558,466 shares. The stock had previously closed at C$0.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CJR.B shares. Cormark lowered their target price on shares of Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. TD Securities cut their price objective on shares of Corus Entertainment from C$0.70 to C$0.35 and set a “hold” rating for the company in a report on Wednesday, June 12th. National Bankshares dropped 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 note on Tuesday, June 11th. CIBC lowered their price objective on shares of Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating for the company in a research report on Monday, April 15th. Finally, Canaccord Genuity Group lowered their price objective on shares of Corus Entertainment from C$0.65 to C$0.25 and set a “sell” rating for the company in a research report on Monday, June 10th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$0.67.

Corus Entertainment Trading Down 10.3 %

The firm has a market cap of C$34.31 million, a PE ratio of -0.09, a P/E/G ratio of -0.61 and a beta of 2.08. The company’s fifty day moving average price is C$0.50 and its two-hundred day moving average price is C$0.67. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 254.56.

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.