Royal Bank of Canada Cuts Corus Entertainment (TSE:CJR.B) Price Target to C$0.50

Corus Entertainment (TSE:CJR.BFree Report) had its price target decreased by Royal Bank of Canada from C$1.25 to C$0.50 in a research report sent to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other research firms also recently weighed in on CJR.B. Scotiabank downgraded Corus Entertainment from a sector perform rating to an underperform rating and lowered their target price for the company from C$0.90 to C$0.37 in a report on Monday. TD Securities cut shares of Corus Entertainment from a buy rating to a hold rating and lowered their price objective for the stock from C$2.50 to C$0.70 in a research note on Monday, April 15th. 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, April 15th. National Bankshares cut shares of Corus Entertainment from an outperform rating to an underperform rating and reduced their target price for the company from C$1.30 to C$0.40 in a report on Monday, April 15th. Finally, Canaccord Genuity Group dropped their price target on shares of Corus Entertainment from C$0.65 to C$0.25 and set a sell rating on the stock in a research note on Monday. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of C$0.67.

Get Our Latest Stock Analysis on CJR.B

Corus Entertainment Price Performance

TSE CJR.B opened at C$0.19 on Tuesday. The stock has a market capitalization of C$37.26 million, a price-to-earnings ratio of -0.09, a PEG ratio of -0.61 and a beta of 2.08. Corus Entertainment has a 1-year low of C$0.19 and a 1-year high of C$1.69. 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 business’s fifty day moving average price is C$0.51 and its 200-day moving average price is C$0.67.

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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