Corus Entertainment Inc. (TSE:CJR.B) Given Average Recommendation of "Reduce" by Analysts

Corus Entertainment Inc. (TSE:CJR.B - Get Free Report) has earned an average recommendation of "Reduce" from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$0.94.

Several brokerages have commented on CJR.B. Royal Bank of Canada cut their price target on shares of Corus Entertainment from C$1.50 to C$1.25 and set a "sector perform" rating on the stock in a research report on Monday, April 15th. TD Securities downgraded Corus Entertainment from a "buy" rating to a "hold" rating and decreased their price target for the company from C$2.50 to C$0.70 in a research note on Monday, April 15th. CIBC dropped their price objective on Corus Entertainment from C$1.15 to C$0.85 and set a "neutral" rating on the stock in a research note on Monday, April 15th. Cormark dropped their price objective on Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. Finally, Scotiabank dropped their price objective on Corus Entertainment from C$1.10 to C$0.90 and set a "sector perform" rating on the stock in a research note on Monday, April 15th.

Corus Entertainment Stock Down 1.0 %

TSE CJR.B traded down C$0.01 on Friday, reaching C$0.50. The company had a trading volume of 73,732 shares, compared to its average volume of 361,828. The company's fifty day moving average is C$0.62 and its 200-day moving average is C$0.69. Corus Entertainment has a 1-year low of C$0.49 and a 1-year high of C$1.69. The firm has a market capitalization of C$97.06 million, a price-to-earnings ratio of -0.23, a price-to-earnings-growth 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 0.65.

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.