CIBC Cuts Corus Entertainment (TSE:CJR.B) Price Target to C$0.85

Corus Entertainment (TSE:CJR.B) had its price target trimmed by CIBC from C$1.15 to C$0.85 in a report published on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price target on Corus Entertainment from C$0.50 to C$0.65 and gave the company a sell rating in a report on Monday, January 15th. Cormark raised their price objective on Corus Entertainment from C$0.85 to C$1.00 in a research report on Monday, January 15th. Finally, TD Securities dropped their price target on Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating for the company in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$0.94.

Corus Entertainment Stock Performance

Corus Entertainment stock opened at C$0.52 on Monday. The stock’s 50 day moving average is C$0.74 and its 200 day moving average is C$0.75. The company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25. Corus Entertainment has a twelve month low of C$0.50 and a twelve month high of C$1.69. The company has a market capitalization of C$101.96 million, a P/E ratio of -0.24, a PEG ratio of -0.61 and a beta of 2.03.

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.