Corus Entertainment (TSE:CJR.B) Trading Down 4.2%

Corus Entertainment Inc. (TSE:CJR.B) fell 4.2% during mid-day trading on Friday . The company traded as low as C$1.14 and last traded at C$1.14. 182,387 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,003,079 shares. The stock had previously closed at C$1.19.

Analyst Ratings Changes

A number of analysts have commented on CJR.B shares. National Bankshares lowered shares of Corus Entertainment from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$2.00 to C$1.30 in a research note on Wednesday. CIBC upped their target price on shares of Corus Entertainment from C$1.75 to C$2.00 in a research note on Friday, July 14th. Scotiabank reduced their target price on shares of Corus Entertainment from C$2.30 to C$1.90 in a research note on Friday, June 30th. Cormark upped their target price on shares of Corus Entertainment from C$1.40 to C$1.80 in a research note on Friday, July 14th. Finally, TD Securities boosted their price target on shares of Corus Entertainment from C$3.75 to C$5.00 and gave the stock a “buy” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Corus Entertainment presently has an average rating of “Hold” and an average target price of C$2.37.

Corus Entertainment Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.67 and a debt-to-equity ratio of 341.22. The firm has a fifty day moving average price of C$1.38 and a two-hundred day moving average price of C$1.43. The stock has a market capitalization of C$225.48 million, a P/E ratio of -0.28, a P/E/G ratio of -0.61 and a beta of 1.80.

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.