Corus Entertainment (TSE:CJR.B) Price Target Cut to C$0.20 by Analysts at Royal Bank of Canada

Corus Entertainment (TSE:CJR.B) had its target price dropped by research analysts at Royal Bank of Canada from C$0.30 to C$0.20 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 33.33% from the company’s previous close.

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

Corus Entertainment Stock Up 3.4 %

Shares of CJR.B stock traded up C$0.01 during trading on Wednesday, reaching C$0.15. The company’s stock had a trading volume of 161,308 shares, compared to its average volume of 678,580. The company has a market cap of C$29.41 million, a price-to-earnings ratio of -0.04, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07. Corus Entertainment has a one year low of C$0.10 and a one year high of C$1.06. The business has a fifty day moving average price of C$0.15 and a 200-day moving average price of C$0.28. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

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.