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

Corus Entertainment (TSE:CJR.B) had its price target lowered by Cormark from C$1.00 to C$0.60 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group increased 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 report on Monday, January 15th. TD Securities cut their target price on shares of Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating for the company in a research report on Tuesday, January 16th. Finally, CIBC cut their target price on shares of Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$0.94.

Corus Entertainment Stock Down 1.9 %

CJR.B stock opened at C$0.51 on Monday. Corus Entertainment has a 12-month low of C$0.50 and a 12-month high of C$1.69. The company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25. The company has a market cap of C$100.00 million, a price-to-earnings ratio of -0.24, a PEG ratio of -0.61 and a beta of 2.03. The company has a 50 day moving average of C$0.73 and a two-hundred day moving average of C$0.75.

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.