Corus Entertainment Inc. (TSE:CJR.B) Given Average Rating of “Strong Sell” by Brokerages

Shares of Corus Entertainment Inc. (TSE:CJR.B) have been assigned a consensus rating of “Strong Sell” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$0.31.

Several research firms recently issued reports on CJR.B. Royal Bank of Canada lowered their price objective on Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a report on Tuesday, July 16th. Scotiabank lowered their price target on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating on the stock in a research note on Tuesday, July 16th. Canaccord Genuity Group reduced their price objective on Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a research note on Tuesday, July 16th. TD Securities cut shares of Corus Entertainment from a “hold” rating to a “sell” rating and lowered their target price for the stock from C$0.35 to C$0.05 in a research note on Tuesday, July 16th. Finally, National Bankshares reduced their target price on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th.

Corus Entertainment Stock Up 10.0 %

Shares of CJR.B opened at C$0.17 on Thursday. The firm has a market cap of C$32.35 million, a P/E ratio of -0.05, a PEG ratio of -0.61 and a beta of 2.03. Corus Entertainment has a 12 month low of C$0.10 and a 12 month high of C$1.08. The stock’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.35. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

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.