Corus Entertainment (TSE:CJR.B) Price Target Lowered to C$0.20 at Royal Bank of Canada

Corus Entertainment (TSE:CJR.B) had its price objective reduced by Royal Bank of Canada from C$0.30 to C$0.20 in a research note released on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

CJR.B has been the subject of a number of other reports. Canaccord Genuity Group cut their price objective on Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a report on Tuesday, July 16th. Scotiabank lowered their price target on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. TD Securities lowered Corus Entertainment from a “hold” rating to a “sell” rating and lowered 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 target price on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of C$0.30.

Corus Entertainment Stock Performance

Shares of CJR.B opened at C$0.15 on Wednesday. The firm has a market cap of C$29.41 million, a PE ratio of -0.04, a PEG ratio of -0.61 and a beta of 2.07. Corus Entertainment has a 1 year low of C$0.10 and a 1 year high of C$1.06. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The stock’s fifty day moving average price is C$0.15 and its two-hundred day moving average price is C$0.27.

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.