Corus Entertainment (TSE:CJR.B) Downgraded to “Underperform” at National Bankshares

National Bankshares cut shares of Corus Entertainment (TSE:CJR.B) from an outperform rating to an underperform rating in a report published on Monday morning, BayStreet.CA reports. They currently have C$0.40 target price on the stock, down from their previous target price of C$1.30.

A number of other research firms have also weighed in on CJR.B. Royal Bank of Canada decreased their target price on Corus Entertainment from C$1.50 to C$1.25 and set a sector perform rating on the stock in a report on Monday. CIBC decreased their target price on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a report on Monday. TD Securities lowered Corus Entertainment from a buy rating to a hold rating and decreased their target price for the stock from C$2.50 to C$0.70 in a report on Monday. Canaccord Genuity Group boosted their target price 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. Finally, Cormark decreased their target price on Corus Entertainment from C$1.00 to C$0.60 in a report on Monday. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of C$0.94.

Corus Entertainment Stock Down 1.9 %

TSE:CJR.B opened at C$0.51 on Monday. 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 firm has a market capitalization of C$100.00 million, a price-to-earnings ratio of -0.24, a price-to-earnings-growth ratio of -0.61 and a beta of 2.03. Corus Entertainment has a twelve month low of C$0.50 and a twelve month high of C$1.69. The stock’s 50 day moving average price is C$0.73 and its two-hundred day moving average price is C$0.75.

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.