Corus Entertainment (TSE:CJR.B) PT Lowered to C$0.20 at Royal Bank of Canada

Corus Entertainment (TSE:CJR.B) had its target price reduced by Royal Bank of Canada from C$0.30 to C$0.20 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also recently commented on CJR.B. National Bankshares dropped their target price on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating on the stock in a research report on Tuesday, July 16th. TD Securities downgraded Corus Entertainment from a “hold” rating to a “sell” rating and lowered their price target for the stock from C$0.35 to C$0.05 in a research report on Tuesday, July 16th. Scotiabank cut their price objective on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Finally, Canaccord Genuity Group decreased their target price on Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating on the stock in a research report on Tuesday, July 16th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, Corus Entertainment presently has an average rating of “Reduce” and an average price target of C$0.30.

Corus Entertainment Stock Down 9.4 %

CJR.B stock opened at C$0.15 on Wednesday. Corus Entertainment has a one year low of C$0.10 and a one year high of C$1.06. 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’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.27. The firm has a market cap of C$28.43 million, a PE ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 2.07.

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.