TD Securities Cuts Corus Entertainment (TSE:CJR.B) Price Target to C$7.50

Corus Entertainment (TSE:CJR.BGet Rating) had its price objective lowered by investment analysts at TD Securities from C$10.00 to C$7.50 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “action list buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 65.20% from the company’s current price.

Several other equities research analysts also recently commented on the company. Scotiabank reduced their target price on Corus Entertainment from C$10.00 to C$8.70 and set an “outperform” rating for the company in a report on Tuesday, December 21st. CIBC upped their target price on Corus Entertainment from C$7.50 to C$8.00 and gave the company an “outperform” rating in a report on Friday, January 14th. Canaccord Genuity Group reduced their target price on Corus Entertainment from C$8.50 to C$7.00 in a report on Monday, April 4th. BMO Capital Markets reduced their target price on Corus Entertainment from C$6.75 to C$6.00 in a report on Monday. Finally, National Bankshares dropped their price target on Corus Entertainment from C$8.00 to C$6.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 23rd. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$7.47.

Shares of TSE CJR.B traded down C$0.09 during mid-day trading on Monday, hitting C$4.54. 793,379 shares of the company traded hands, compared to its average volume of 1,026,482. Corus Entertainment has a 1 year low of C$4.34 and a 1 year high of C$6.54. The stock has a market capitalization of C$945.99 million and a price-to-earnings ratio of 5.54. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 110.80. The business has a 50 day moving average of C$5.03 and a two-hundred day moving average of C$5.15.

Corus Entertainment Company Profile (Get Rating)

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.

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