Corus Entertainment (TSE:CJR.B) Downgraded by TD Securities to Buy

TD Securities downgraded shares of Corus Entertainment (TSE:CJR.BGet Rating) from an action list buy rating to a buy rating in a research report released on Tuesday morning, BayStreet.CA reports. They currently have C$5.00 price objective on the stock, down from their prior price objective of C$6.50.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group cut their price objective on Corus Entertainment from C$5.25 to C$4.25 in a research report on Monday. BMO Capital Markets lowered their target price on shares of Corus Entertainment from C$5.00 to C$4.50 in a report on Monday. National Bankshares lowered shares of Corus Entertainment from an outperform rating to a sector perform rating and lowered their target price for the company from C$5.00 to C$3.25 in a report on Monday. Royal Bank of Canada lowered shares of Corus Entertainment from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$7.00 to C$4.00 in a report on Monday. Finally, CIBC lowered shares of Corus Entertainment from an outperform rating to a neutral rating and decreased their price objective for the stock from C$6.50 to C$3.75 in a report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$5.08.

Corus Entertainment Stock Performance

Corus Entertainment stock opened at C$2.86 on Tuesday. The stock’s 50 day simple moving average is C$3.69 and its two-hundred day simple moving average is C$4.18. The company has a debt-to-equity ratio of 108.32, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a market cap of C$580.58 million and a price-to-earnings ratio of 4.14. Corus Entertainment has a fifty-two week low of C$2.79 and a fifty-two week high of C$5.99.

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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