Corus Entertainment (TSE:CJR.B) Trading Down 5% – Time to Sell?

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 5% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 151,308 shares traded hands during 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 reduced 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 issued a hold rating to the company’s stock. According to data from MarketBeat.com, Corus Entertainment currently has a consensus rating of “Reduce” and an average price target of C$0.30.

Corus Entertainment Price Performance

The stock has a market capitalization of C$17.65 million, a P/E ratio of -0.03, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07. The company’s 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.12. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

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.