Corus Entertainment (TSE:CJR.B) PT Lowered to C$0.85

Corus Entertainment (TSE:CJR.B) had its price target cut by research analysts at CIBC from C$1.15 to C$0.85 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 57.41% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. TD Securities decreased their target price on shares of Corus Entertainment from C$4.50 to C$2.50 and set a “speculative buy” rating for the company in a research note on Tuesday, January 16th. Canaccord Genuity Group lifted their price objective on Corus Entertainment from C$0.50 to C$0.65 and gave the company a “sell” rating in a research note on Monday, January 15th. Finally, Cormark lifted their price target on Corus Entertainment from C$0.85 to C$1.00 in a research report on Monday, January 15th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$0.94.

Corus Entertainment Stock Performance

Shares of CJR.B opened at C$0.54 on Monday. The company has a 50-day simple moving average of C$0.74 and a two-hundred day simple moving average of C$0.75. The company has a debt-to-equity ratio of 250.25, a current ratio of 0.68 and a quick ratio of 0.70. The firm has a market capitalization of C$105.88 million, a PE ratio of -0.25, a price-to-earnings-growth ratio of -0.61 and a beta of 2.03. Corus Entertainment has a one year low of C$0.50 and a one year high of C$1.69.

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.