Corus Entertainment (TSE:CJR.B) Price Target Cut to C$0.05 by Analysts at Scotiabank

Corus Entertainment (TSE:CJR.B) had its price objective cut by equities research analysts at Scotiabank from C$0.37 to C$0.05 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 56.52% from the stock’s current price.

CJR.B has been the subject of a number of other reports. Cormark reduced their price objective on shares of Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. CIBC reduced their price target 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. TD Securities reduced their price target on shares of Corus Entertainment from C$0.70 to C$0.35 and set a “hold” rating for the company in a research report on Wednesday, June 12th. Royal Bank of Canada reduced their price target on shares of Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, National Bankshares reduced their price target on shares of Corus Entertainment from C$0.40 to C$0.25 and set an “underperform” rating for the company in a research report on Tuesday, June 11th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of C$0.31.

Corus Entertainment Stock Performance

Corus Entertainment stock traded down C$0.04 during mid-day trading on Tuesday, reaching C$0.12. The company’s stock had a trading volume of 3,960,964 shares, compared to its average volume of 727,342. Corus Entertainment has a 12-month low of C$0.12 and a 12-month high of C$1.57. The company has a market capitalization of C$22.55 million, a P/E ratio of -0.05, a PEG ratio of -0.61 and a beta of 2.08. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.65. The firm’s fifty day moving average price is C$0.33 and its two-hundred day moving average price is C$0.60.

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.