Corus Entertainment (TSE:CJR.B) Price Target Cut to C$0.60

Corus Entertainment (TSE:CJR.B) had its price objective reduced by Cormark from C$1.00 to C$0.60 in a research note released on Monday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. CIBC lowered their target price on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a research note on Monday. Canaccord Genuity Group upped their price target on Corus Entertainment from C$0.50 to C$0.65 and gave the stock a sell rating in a research note on Monday, January 15th. Finally, TD Securities decreased their price target on Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating for the company in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Corus Entertainment has a consensus rating of Hold and a consensus price target of C$0.94.

Corus Entertainment Stock Performance

Shares of TSE CJR.B opened at C$0.53 on Monday. The business’s 50-day moving average price is C$0.75 and its two-hundred day moving average price is C$0.76. The company has a debt-to-equity ratio of 250.25, a current ratio of 0.68 and a quick ratio of 0.70. Corus Entertainment has a one year low of C$0.50 and a one year high of C$1.69. The company has a market capitalization of C$103.92 million, a P/E ratio of -0.25, a price-to-earnings-growth ratio of -0.61 and a beta of 2.03.

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.