Corus Entertainment Inc. (TSE:CJR.B) Receives C$0.31 Average Target Price from Brokerages

Shares of Corus Entertainment Inc. (TSE:CJR.B) have received an average recommendation of “Strong Sell” from the six analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$0.31.

CJR.B has been the subject of a number of analyst reports. Scotiabank cut their price objective on shares of Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Canaccord Genuity Group cut their price target on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a report on Tuesday, July 16th. TD Securities cut shares of Corus Entertainment from a “hold” rating to a “sell” rating and decreased their price target for the stock from C$0.35 to C$0.05 in a report on Tuesday, July 16th. National Bankshares dropped their price objective on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada decreased their target price on Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a research note on Tuesday, July 16th.

Corus Entertainment Stock Down 3.1 %

CJR.B opened at C$0.16 on Monday. Corus Entertainment has a 12 month low of C$0.10 and a 12 month high of C$1.06. The company has a market cap of C$30.39 million, a PE ratio of -0.04, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The company has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.29.

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.