Corus Entertainment (TSE:CJR.B) Given New C$0.60 Price Target at Cormark

Corus Entertainment (TSE:CJR.B) had its price objective lowered by Cormark from C$1.00 to C$0.60 in a report released on Monday morning, BayStreet.CA reports.

A number of other research firms also recently commented on CJR.B. TD Securities cut their price objective on Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating on the stock in a report on Tuesday, January 16th. Canaccord Genuity Group raised 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. Finally, CIBC cut their price objective on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of C$0.94.

Corus Entertainment Stock Down 10.2 %

CJR.B opened at C$0.53 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 firm has a market cap of C$103.92 million, a P/E ratio of -0.25, a PEG ratio of -0.61 and a beta of 2.03. Corus Entertainment has a 52 week low of C$0.50 and a 52 week high of C$1.69. The business’s fifty day simple moving average is C$0.75 and its 200 day simple moving average is C$0.76.

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.