Corus Entertainment (TSE:CJR.B) Reaches New 12-Month Low at $2.52

Corus Entertainment Inc. (TSE:CJR.BGet Rating) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$2.52 and last traded at C$2.52, with a volume of 139306 shares traded. The stock had previously closed at C$2.58.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CJR.B shares. National Bankshares cut Corus Entertainment from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$5.00 to C$3.25 in a report on Monday, September 12th. BMO Capital Markets dropped their price objective on Corus Entertainment from C$5.00 to C$4.50 in a report on Monday, September 12th. TD Securities cut Corus Entertainment from an “action list buy” rating to a “buy” rating and dropped their price objective for the stock from C$6.50 to C$5.00 in a report on Tuesday, September 13th. CIBC cut Corus Entertainment from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$6.50 to C$3.75 in a report on Monday, September 12th. Finally, Royal Bank of Canada cut Corus Entertainment from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$7.00 to C$4.00 in a report on Monday, September 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Corus Entertainment currently has an average rating of “Hold” and a consensus target price of C$5.08.

Corus Entertainment Trading Down 1.6 %

The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 108.32. The company has a market capitalization of C$513.59 million and a P/E ratio of 3.67. The business has a 50 day moving average price of C$3.57 and a 200 day moving average price of C$4.08.

Corus Entertainment Company Profile

(Get Rating)

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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