Corus Entertainment (TSE:CJR.B) Lowered to Underperform at Scotiabank

Corus Entertainment (TSE:CJR.B - Get Free Report) was downgraded by investment analysts at Scotiabank from a "sector perform" rating to an "underperform" rating in a report released on Monday, BayStreet.CA reports. They currently have a C$0.37 target price on the stock, down from their prior target price of C$0.90. Scotiabank's price objective would suggest a potential upside of 7.25% from the company's previous close.

A number of other equities research analysts have also recently weighed in on CJR.B. TD Securities cut Corus Entertainment from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$2.50 to C$0.70 in a report on Monday, April 15th. National Bankshares lowered Corus Entertainment from an "outperform" rating to an "underperform" rating and reduced their target price for the company from C$1.30 to C$0.40 in a research note on Monday, April 15th. Canaccord Genuity Group reduced their target price on Corus Entertainment from C$0.65 to C$0.25 and set a "sell" rating on the stock in a research note on Monday. Royal Bank of Canada reduced their target price on Corus Entertainment from C$1.50 to C$1.25 and set a "sector perform" rating on the stock in a research note on Monday, April 15th. Finally, Cormark reduced their target price on Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$0.82.

Corus Entertainment Price Performance

Shares of CJR.B traded down C$0.15 on Monday, reaching C$0.35. The stock had a trading volume of 4,939,525 shares, compared to its average volume of 389,861. The firm has a market capitalization of C$67.65 million, a PE ratio of -0.18, a PEG ratio of -0.61 and a beta of 2.08. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 254.56. The firm has a 50-day moving average of C$0.54 and a 200 day moving average of C$0.68. Corus Entertainment has a twelve month low of C$0.35 and a twelve month high of C$1.69.

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.