Corus Entertainment Inc. (TSE:CJR.B) received a “hold” consensus recommendation from brokerage firms

Shares of Corus Entertainment Inc. (TSE:CJR.B – Get Rating) have been assigned an average rating of “Hold” from the nine research firms that currently cover the firm, reports Marketbeat.com. Four research analysts rated the stock a hold rating and two issued a buy rating on the company. The average 12-month target price among analysts who have updated their coverage on the stock in the past year is C$5.08.

Several brokerage houses have recently issued reports on CJR.B. Canaccord Genuity Group lowered its price target on Corus Entertainment from C$5.25 to C$4.25 in a research note on Monday, September 12. TD Securities cut Corus Entertainment from a “stock-list buy” rating to a “buy” rating and lowered its price target for the shares from C$6.50 to C$5.00 in a research note on Tuesday September 13. BMO Capital Markets cut its price target on Corus Entertainment from C$5.00 to C$4.50 in a research note on Monday, September 12. Royal Bank of Canada downgraded Corus Entertainment from an “outperform” rating to a “sector performance” rating and lowered its target price for the shares from C$7.00 to C$4.00 in a research report on Monday 12 of September. CIBC finally downgraded shares of Corus Entertainment from an “outperform” rating to a “neutral” rating and cut its price target for the company from C$6.50 to C$3.75 in a research report on Monday. September 12.

Corus Entertainment trades down 5.3%

CJR.B shares opened at Cdn$2.30 on Friday. The stock has a 50-day moving average price of C$3.26 and a 200-day moving average price of C$3.86. The firm has a debt-to-equity ratio of 108.32, a quick ratio of 0.74, and a current ratio of 0.77. The company has a market capitalization of 459.14 million Canadian dollars and a price-earnings ratio of 3.33. Corus Entertainment has a 52-week minimum of C$2.23 and a 52-week maximum of C$5.99.

About Corus Entertainment

(Get rating)

Corus Entertainment Inc, a media and content company, operates mainstream and specialty television networks and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialized television networks and 15 conventional television stations.

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Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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