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

Corus Entertainment (TSE:CJR.B) had its price objective decreased by Cormark from C$1.00 to C$0.60 in a report issued on Monday morning, BayStreet.CA reports.

Several other research analysts have also commented on CJR.B. Canaccord Genuity Group raised their price target on 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. CIBC reduced their price objective on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a research note on Monday. Finally, TD Securities reduced their price objective on Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating on the stock in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of C$0.94.

Corus Entertainment Trading Down 1.9 %

CJR.B opened at C$0.51 on Monday. Corus Entertainment has a 52 week low of C$0.50 and a 52 week high of C$1.69. The business has a fifty day simple moving average of C$0.73 and a 200-day simple moving average of C$0.75. The firm has a market cap of C$100.00 million, a P/E ratio of -0.24, a P/E/G ratio of -0.61 and a beta of 2.03. The company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25.

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.