Corus Entertainment (TSE:CJR.B) Stock Rating Lowered by TD Securities

TD Securities lowered 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. The firm currently has C$0.70 price target on the stock, down from their previous price target of C$2.50.

A number of other equities analysts also recently commented on CJR.B. Scotiabank decreased their target price on Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating for the company in a report on Monday. Royal Bank of Canada decreased their price objective on Corus Entertainment from C$1.50 to C$1.25 and set a sector perform rating for the company in a report on Monday. Cormark decreased their price objective on Corus Entertainment from C$1.00 to C$0.60 in a report on Monday. CIBC decreased their price objective on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating for the company in a report on Monday. Finally, Canaccord Genuity Group increased their price objective on Corus Entertainment from C$0.50 to C$0.65 and gave the stock a sell rating in a 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’s stock. According to data from MarketBeat, 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 company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25. The company has a market cap of C$101.96 million, a PE ratio of -0.24, a P/E/G ratio of -0.61 and a beta of 2.03. The business has a 50 day moving average of C$0.74 and a 200 day moving average of C$0.75. Corus Entertainment has a 52 week low of C$0.50 and a 52 week 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.