Corus Entertainment (TSE:CJR.B) PT Lowered to C$0.50

Corus Entertainment (TSE:CJR.B) had its price objective reduced by stock analysts at Royal Bank of Canada from C$1.25 to C$0.50 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 112.77% from the stock’s previous close.

CJR.B has been the subject of a number of other reports. National Bankshares cut Corus Entertainment from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from C$1.30 to C$0.40 in a research note on Monday, April 15th. Canaccord Genuity Group dropped their price objective on Corus Entertainment from C$0.65 to C$0.25 and set a “sell” rating for the company in a research note on Monday. Cormark dropped their price objective on Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. Scotiabank cut Corus Entertainment from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from C$0.90 to C$0.37 in a research note on Monday. Finally, TD Securities cut Corus Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$2.50 to C$0.70 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$0.67.

Corus Entertainment Trading Down 17.5 %

Shares of TSE CJR.B opened at C$0.24 on Tuesday. Corus Entertainment has a twelve month low of C$0.23 and a twelve month high of C$1.69. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The stock has a fifty day simple moving average of C$0.52 and a 200-day simple moving average of C$0.68. The stock has a market capitalization of C$46.08 million, a PE ratio of -0.11, a PEG ratio of -0.61 and a beta of 2.08.

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.