National Bankshares Downgrades Corus Entertainment (TSE:CJR.B) to Underperform

Corus Entertainment (TSE:CJR.B) was downgraded by stock analysts at National Bankshares from an “outperform” rating to an “underperform” rating in a research note issued to investors on Monday, BayStreet.CA reports. They presently have a C$0.40 target price on the stock, down from their previous target price of C$1.30. National Bankshares’ price target suggests a potential downside of 25.93% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada decreased their price objective on shares of Corus Entertainment from C$1.50 to C$1.25 and set a “sector perform” rating on the stock in a research report on Monday. Canaccord Genuity Group boosted their target price on shares of Corus Entertainment from C$0.50 to C$0.65 and gave the company a “sell” rating in a report on Monday, January 15th. CIBC decreased 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 note on Monday. Scotiabank dropped their price objective on shares of Corus Entertainment from C$1.10 to C$0.90 and set a “sector perform” rating on the stock in a research note on Monday. Finally, TD Securities lowered shares of Corus Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the company from C$2.50 to C$0.70 in a report on Monday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Corus Entertainment presently has a consensus rating of “Hold” and a consensus price target of C$0.94.

Corus Entertainment Trading Up 1.9 %

Shares of CJR.B stock opened at C$0.54 on Monday. The business has a 50-day moving average of C$0.74 and a 200 day 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. Corus Entertainment has a 1-year low of C$0.50 and a 1-year high of C$1.69. The stock has a market capitalization of C$105.88 million, a PE ratio of -0.25, a P/E/G ratio of -0.61 and a beta of 2.03.

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.