Corus Entertainment (TSE:CJR.B) Downgraded to "Underperform" at National Bankshares

National Bankshares cut shares of Corus Entertainment (TSE:CJR.B - Free Report) from an outperform rating to an underperform rating in a report released on Monday morning, BayStreet.CA reports. The firm currently has C$0.40 price target on the stock, down from their prior price target of C$1.30.

A number of other equities analysts also recently commented on CJR.B. Canaccord Genuity Group increased their price objective on shares of Corus Entertainment from C$0.50 to C$0.65 and gave the stock a sell rating in a research note on Monday, January 15th. CIBC reduced their price objective on shares of Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating for the company in a research note on Monday. TD Securities cut shares of Corus Entertainment from a buy rating to a hold rating and dropped their target price for the company from C$2.50 to C$0.70 in a report on Monday. Scotiabank dropped their target price on shares of Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating on the stock in a report on Monday. Finally, Cormark dropped their target price on shares of Corus Entertainment from C$1.00 to C$0.60 in a report on Monday. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of C$0.94.

Corus Entertainment Stock Down 10.2 %

Shares of Corus Entertainment stock traded down C$0.06 during trading hours on Monday, reaching C$0.53. 1,413,542 shares of the company's stock were exchanged, compared to its average volume of 384,089. The company has a 50 day moving average of C$0.76 and a two-hundred day moving average of C$0.76. Corus Entertainment has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.69. The company has a current ratio of 0.68, a quick ratio of 0.70 and a debt-to-equity ratio of 250.25. The stock has a market cap of C$103.92 million, a P/E ratio of -0.25, a P/E/G ratio of -0.61 and a beta of 2.03.

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.