Brokerages Set Corus Entertainment Inc. (TSE:CJR.B) Price Target at C$0.31

Corus Entertainment Inc. (TSE:CJR.B) has received a consensus recommendation of “Strong Sell” from the six ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$0.31.

A number of equities research analysts recently commented on CJR.B shares. National Bankshares reduced their price objective on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Royal Bank of Canada decreased their price target on Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a research note on Tuesday, July 16th. Scotiabank dropped their price objective on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating on the stock in a report on Tuesday, July 16th. TD Securities downgraded Corus Entertainment from a “hold” rating to a “sell” rating and reduced their target price for the company from C$0.35 to C$0.05 in a report on Tuesday, July 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating on the stock in a research note on Tuesday, July 16th.

Corus Entertainment Stock Up 10.0 %

Shares of Corus Entertainment stock opened at C$0.17 on Thursday. Corus Entertainment has a one year low of C$0.10 and a one year high of C$1.08. The company has a market cap of C$32.35 million, a P/E ratio of -0.05, a PEG ratio of -0.61 and a beta of 2.03. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.35.

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.