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 Stock Performance

Shares of CJR.B Stock opened at C$4.01 on Monday. The company has a market cap of C$814.03 million and a price-to-earnings ratio of 5.81. Corus Entertainment has a 52 week low of C$3.41 and a 52 week high of C$6.34. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 108.32. The firm has a 50 day moving average of C$3.83 and a 200-day moving average of C$4.40.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CJR.B. National Bankshares dropped 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 report on Thursday, June 30th. CIBC dropped 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 report on Thursday, June 30th. Royal Bank of Canada lowered their price target on shares of Corus Entertainment from C$8.00 to C$7.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. TD Securities lowered their price target on shares of Corus Entertainment from C$7.50 to C$6.50 in a report on Monday, July 4th. Finally, BMO Capital Markets lowered their price target on shares of Corus Entertainment from C$6.00 to C$5.00 in a report on Thursday, June 30th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$6.61.