Corus Entertainment (TSE:CJR.B) Price Target Lowered to C$0.25 at Canaccord Genuity Group

Corus Entertainment (TSE:CJR.B - Free Report) had its price target trimmed by Canaccord Genuity Group from C$0.65 to C$0.25 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a sell rating on the stock.

Several other equities research analysts have also recently commented on the company. Scotiabank dropped their price objective on Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada dropped their price objective on Corus Entertainment from C$1.50 to C$1.25 and set a sector perform rating on the stock in a research report on Monday, April 15th. TD Securities cut Corus Entertainment from a buy rating to a hold rating and dropped their target price for the stock from C$2.50 to C$0.70 in a research report on Monday, April 15th. CIBC dropped their target price on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a research report on Monday, April 15th. Finally, National Bankshares cut Corus Entertainment from an outperform rating to an underperform rating and dropped their target price for the stock from C$1.30 to C$0.40 in a research report on Monday, April 15th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of C$0.82.

Corus Entertainment Stock Down 29.6 %

Shares of TSE:CJR.B traded down C$0.15 on Monday, hitting C$0.35. 4,939,525 shares of the company traded hands, compared to its average volume of 389,861. Corus Entertainment has a 52 week low of C$0.35 and a 52 week high of C$1.69. 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 stock has a 50 day simple moving average of C$0.54 and a 200-day simple moving average of C$0.68. The company has a market cap of C$67.65 million, a PE ratio of -0.18, a PEG ratio of -0.61 and a beta of 2.08.

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.