Corus Entertainment Inc. (TSE:CJR.B) Given Average Rating of “Strong Sell” by Analysts

Corus Entertainment Inc. (TSE:CJR.B) has been given an average rating of “Strong Sell” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$0.30.

A number of equities research analysts have recently weighed in on CJR.B shares. Scotiabank lowered their target price on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research note on Tuesday, July 16th. Canaccord Genuity Group dropped their price objective on Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a research note on Tuesday, July 16th. Royal Bank of Canada decreased their target price on shares of Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. TD Securities cut shares of Corus Entertainment from a “hold” rating to a “sell” rating and dropped their price target for the company from C$0.35 to C$0.05 in a research report on Tuesday, July 16th. Finally, National Bankshares decreased their price objective on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating on the stock in a research report on Tuesday, July 16th.

Corus Entertainment Stock Performance

Corus Entertainment stock opened at C$0.11 on Friday. The firm has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.23. Corus Entertainment has a twelve month low of C$0.10 and a twelve month high of C$1.06. The company has a market capitalization of C$21.57 million, a PE ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 2.07. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

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.