Corus Entertainment (TSE:CJR.B) Stock Price Crosses Above 200-Day Moving Average of $5.61
Shares of Corus Entertainment Inc. (TSE:CJR.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.61 and traded as high as $5.62. Corus Entertainment shares last traded at $5.62, with a volume of 699,178 shares traded.
A number of equities analysts recently weighed in on CJR.B shares. National Bank Financial lowered shares of Corus Entertainment from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$7.50 to C$5.75 in a research report on Monday, October 21st. Royal Bank of Canada reduced their price target on shares of Corus Entertainment from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Monday, October 21st. Canaccord Genuity lifted their price target on shares of Corus Entertainment from C$8.50 to C$9.00 in a report on Monday, October 21st. Finally, BMO Capital Markets decreased their price target on shares of Corus Entertainment from C$7.00 to C$6.50 in a research note on Monday, September 9th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$7.97.
The company has a market capitalization of $1.18 billion and a P/E ratio of 7.69. The business has a 50 day moving average of C$5.42 and a 200 day moving average of C$5.61. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 100.15.
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.
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