Corus Entertainment (TSE:CJR.B) Price Target Cut to C$0.20

Corus Entertainment (TSE:CJR.B) had its price target lowered by Royal Bank of Canada from C$0.30 to C$0.20 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

CJR.B has been the topic of several other reports. Scotiabank reduced their price objective on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating on the stock in a report on Tuesday, July 16th. Canaccord Genuity Group dropped their target price on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating on the stock in a report on Tuesday, July 16th. TD Securities downgraded shares of Corus Entertainment from a “hold” rating to a “sell” rating and dropped their price objective for the company from C$0.35 to C$0.05 in a research note on Tuesday, July 16th. Finally, National Bankshares lowered their target price on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of C$0.30.

Corus Entertainment Price Performance

CJR.B opened at C$0.14 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The business has a fifty day moving average of C$0.15 and a 200 day moving average of C$0.27. Corus Entertainment has a 52-week low of C$0.10 and a 52-week high of C$1.06. The stock has a market cap of C$27.45 million, a P/E ratio of -0.04, a PEG ratio of -0.61 and a beta of 2.07.

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.