Corus Entertainment - CJR.B Stock Forecast, Price & News

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. It is also involved in the production and distribution of films and television programs; production and distribution of animation software; and merchandise licensing and book publishing activities. In addition, this segment provides technology and media services. Its primary brands include Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, History, Showcase, National Geographic, Disney Channel Canada, YTV, and Nickelodeon Canada. The Radio segment operates 39 radio stations that include a network of news-talk radio stations, as well as classic rock, country, new rock, and contemporary music formats. The company also provides children's animated content and related consumer products; and digital content and animation creation software. Corus Entertainment Inc. was founded in 1998 and is headquartered in Toronto, Canada.

Corus Entertainment Price Performance

CJR.B Stock opened at C$3.94 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 108.32. Corus Entertainment has a one year low of C$3.41 and a one year high of C$6.34. The firm has a market capitalization of C$799.82 million and a PE ratio of 5.71. The firm has a 50-day moving average of C$3.81 and a two-hundred day moving average of C$4.38.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cormark decreased their target price on shares of Corus Entertainment from C$7.00 to C$5.30 and set a "buy" rating for the company in a research report on Thursday, June 30th. CIBC reduced their price objective on shares of Corus Entertainment from C$8.00 to C$6.50 and set an "outperform" rating for the company in a research report on Thursday, June 30th. National Bankshares reduced their price objective on shares of Corus Entertainment from C$6.25 to C$5.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. BMO Capital Markets reduced their price objective on shares of Corus Entertainment from C$6.00 to C$5.00 in a research report on Thursday, June 30th. Finally, TD Securities reduced their price objective on shares of Corus Entertainment from C$7.50 to C$6.50 in a research report on Monday, July 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Corus Entertainment currently has an average rating of "Buy" and a consensus target price of C$6.61.