Corus Entertainment (TSE:CJR.B) Cut to Hold at TD Securities

TD Securities downgraded shares of Corus Entertainment (TSE:CJR.B) from a buy rating to a hold rating in a research note issued to investors on Monday, BayStreet.CA reports. TD Securities currently has C$0.70 price objective on the stock, down from their prior price objective of C$2.50.

A number of other brokerages have also recently issued reports on CJR.B. CIBC dropped their target price 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. Scotiabank lowered their price objective on shares of Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating for the company in a research report on Monday. Canaccord Genuity Group raised their price objective on shares of Corus Entertainment from C$0.50 to C$0.65 and gave the company a sell rating in a research report on Monday, January 15th. Cormark lowered their price objective on shares of Corus Entertainment from C$1.00 to C$0.60 in a research report on Monday. Finally, Royal Bank of Canada lowered their price objective on shares of Corus Entertainment from C$1.50 to C$1.25 and set a sector perform rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of C$0.94.

Corus Entertainment Price Performance

Shares of Corus Entertainment stock opened at C$0.52 on Monday. The firm has a fifty day moving average price of C$0.74 and a two-hundred day moving average price of C$0.75. The company has a market cap of C$101.96 million, a PE ratio of -0.24, a price-to-earnings-growth ratio of -0.61 and a beta of 2.03. Corus Entertainment has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.69. The company has a debt-to-equity ratio of 250.25, a current ratio of 0.68 and a quick ratio of 0.70.

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.