Corus Entertainment Inc. (TSE:CJR.B) Receives Consensus Recommendation of “Strong Sell” from Analysts

Corus Entertainment Inc. (TSE:CJR.B) has earned an average rating of “Strong Sell” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$0.31.

CJR.B has been the subject of several analyst reports. National Bankshares dropped their target price on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. TD Securities cut shares of Corus Entertainment from a “hold” rating to a “sell” rating and dropped their target price for the company from C$0.35 to C$0.05 in a research report on Tuesday, July 16th. CIBC lowered their price objective 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. Canaccord Genuity Group lowered their price objective on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada lowered their price objective 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, July 16th.

Corus Entertainment Stock Performance

TSE CJR.B opened at C$0.10 on Wednesday. The firm has a 50-day moving average price of C$0.22 and a two-hundred day moving average price of C$0.53. The company has a market capitalization of C$19.61 million, a P/E ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 2.02. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. Corus Entertainment has a 12-month low of C$0.10 and a 12-month high of C$1.42.

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.