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

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

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their price objective on Corus Entertainment from C$0.50 to C$0.65 and gave the stock a sell rating in a report on Monday, January 15th. CIBC reduced their price objective 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. Cormark dropped their target price on Corus Entertainment from C$1.00 to C$0.60 in a research report on Monday. Finally, TD Securities lowered their price objective on Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating for the company in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$0.94.

Corus Entertainment Stock Down 3.7 %

Corus Entertainment stock opened at C$0.52 on Monday. Corus Entertainment has a twelve month low of C$0.50 and a twelve month high of C$1.69. The stock has a 50 day moving average of C$0.74 and a two-hundred day moving average of C$0.75. The company has a current ratio of 0.68, a quick ratio of 0.70 and a debt-to-equity ratio of 250.25. The stock has a market capitalization of C$101.96 million, a price-to-earnings ratio of -0.24, a PEG ratio of -0.61 and a beta of 2.03.

Corus Entertainment Company Profile

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.