Corus Entertainment (TSE:CJR.B) Given New C$0.25 Price Target at Canaccord Genuity Group

Corus Entertainment (TSE:CJR.BFree Report) had its target price reduced by Canaccord Genuity Group from C$0.65 to C$0.25 in a research note published on Monday morning, BayStreet.CA reports. They currently have a sell rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Scotiabank reduced their price objective on shares of Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating on the stock in a research report on Monday, April 15th. National Bankshares downgraded shares of Corus Entertainment from an outperform rating to an underperform rating and dropped their price objective for the company from C$1.30 to C$0.40 in a report on Monday, April 15th. TD Securities cut Corus Entertainment from a buy rating to a hold rating and reduced their target price for the stock from C$2.50 to C$0.70 in a report on Monday, April 15th. CIBC dropped their price target on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating for the company in a research note on Monday, April 15th. Finally, Royal Bank of Canada reduced their price objective on Corus Entertainment from C$1.50 to C$1.25 and set a sector perform rating on the stock in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, Corus Entertainment currently has a consensus rating of Hold and a consensus target price of C$0.82.

Read Our Latest Research Report on Corus Entertainment

Corus Entertainment Stock Performance

CJR.B opened at C$0.35 on Monday. The company has a 50 day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.68. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.65 and a quick ratio of 0.70. The firm has a market cap of C$67.65 million, a P/E ratio of -0.16, a PEG ratio of -0.61 and a beta of 2.08. Corus Entertainment has a 1-year low of C$0.35 and a 1-year high of C$1.69.

About Corus Entertainment

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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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Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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