Corus Entertainment Inc. (TSE:CJR.B) Receives C$0.31 Consensus Price Target from Brokerages

Shares of Corus Entertainment Inc. (TSE:CJR.B) have received a consensus rating of “Strong Sell” from the six ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$0.31.

Several research analysts recently commented on CJR.B shares. Scotiabank dropped their target price on shares of Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating on the stock in a report on Tuesday, July 16th. National Bankshares dropped their target price on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating on the stock in a report on Tuesday, July 16th. TD Securities downgraded shares of Corus Entertainment from a “hold” rating to a “sell” rating and dropped their target price for the stock from C$0.35 to C$0.05 in a report on Tuesday, July 16th. Royal Bank of Canada decreased their price target on shares of Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a research report on Tuesday, July 16th. Finally, Canaccord Genuity Group decreased their price target on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating on the stock in a research report on Tuesday, July 16th.

Corus Entertainment Stock Down 11.8 %

Corus Entertainment stock opened at C$0.15 on Thursday. The company has a market capitalization of C$29.41 million, a P/E ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 2.03. The firm’s fifty day simple moving average is C$0.13 and its 200-day simple moving average is C$0.36. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. Corus Entertainment has a 1-year low of C$0.10 and a 1-year high of C$1.09.

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.