Corus Entertainment (TSE:CJR.B) Price Target Lowered to C$0.90 at Scotiabank

Corus Entertainment (TSE:CJR.B) had its price target cut by Scotiabank from C$1.10 to C$0.90 in a report issued on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently issued reports on CJR.B. Canaccord Genuity Group upped their target price on shares of 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. Cormark lowered their price objective on shares of Corus Entertainment from C$1.00 to C$0.60 in a research report on Monday. TD Securities lowered their price objective on shares of Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating on the stock in a research report on Tuesday, January 16th. Finally, CIBC lowered their price objective on shares of Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$0.94.

Corus Entertainment Price Performance

Shares of CJR.B opened at C$0.53 on Monday. The stock has a market cap of C$103.92 million, a PE ratio of -0.25, a price-to-earnings-growth ratio of -0.61 and a beta of 2.03. The company has a debt-to-equity ratio of 250.25, a quick ratio of 0.70 and a current ratio of 0.68. Corus Entertainment has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.69. The firm’s 50-day simple moving average is C$0.75 and its two-hundred day simple moving average is C$0.76.

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.