Corus Entertainment Inc. (TSE:CJR.B) Receives Average Rating of “Reduce” from Brokerages

Corus Entertainment Inc. (TSE:CJR.B) has received an average rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$0.94.

CJR.B has been the topic of several recent analyst reports. Scotiabank reduced their target price on Corus Entertainment from C$1.10 to C$0.90 and set a “sector perform” rating on the stock in a report on Monday, April 15th. Cormark dropped their target price on shares of Corus Entertainment from C$1.00 to C$0.60 in a report on Monday, April 15th. TD Securities downgraded shares of Corus Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$2.50 to C$0.70 in a research report on Monday, April 15th. Royal Bank of Canada cut their price objective on shares of Corus Entertainment from C$1.50 to C$1.25 and set a “sector perform” rating on the stock in a research report on Monday, April 15th. Finally, CIBC dropped their price target on Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating on the stock in a research note on Monday, April 15th.

Corus Entertainment Price Performance

TSE:CJR.B opened at C$0.51 on Monday. The stock’s fifty day simple moving average is C$0.68 and its 200-day simple moving average is C$0.73. The firm has a market capitalization of C$100.00 million, a P/E ratio of -0.24, a P/E/G ratio of -0.61 and a beta of 2.03. 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 12-month low of C$0.50 and a 12-month high of C$1.69.

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.