Corus Entertainment (TSE:CJR.B) Stock Rating Lowered by Scotiabank

Corus Entertainment (TSE:CJR.B) was downgraded by analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a note issued to investors on Monday, BayStreet.CA reports. They presently have a C$0.37 price target on the stock, down from their previous price target of C$0.90. Scotiabank’s price target points to a potential upside of 29.82% from the stock’s previous close.

A number of other analysts also recently issued reports on CJR.B. CIBC lowered their price target on 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. TD Securities cut shares of Corus Entertainment from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$2.50 to C$0.70 in a research note on Monday, April 15th. Canaccord Genuity Group reduced their price objective on shares of Corus Entertainment from C$0.65 to C$0.25 and set a “sell” rating on the stock in a research report on Monday. Cormark cut their target price on Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. Finally, Royal Bank of Canada decreased their price target on Corus Entertainment from C$1.50 to C$1.25 and set a “sector perform” rating for the company in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$0.71.

Corus Entertainment Trading Down 18.6 %

Shares of TSE CJR.B opened at C$0.29 on Monday. The stock has a market capitalization of C$55.88 million, a P/E ratio of -0.14, a PEG ratio of -0.61 and a beta of 2.08. Corus Entertainment has a 1-year low of C$0.27 and a 1-year high of C$1.69. The business’s 50 day moving average is C$0.53 and its two-hundred day moving average is C$0.68. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.65 and a quick ratio of 0.70.

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.