Royal Bank of Canada Lowers Corus Entertainment (TSE:CJR.B) Price Target to C$1.25

Corus Entertainment (TSE:CJR.B) had its price target lowered by Royal Bank of Canada from C$1.50 to C$1.25 in a report issued on Monday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other analysts also recently issued reports on CJR.B. Cormark dropped their price target on shares of Corus Entertainment from C$1.00 to C$0.60 in a report on Monday. TD Securities dropped their price objective on shares of Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating on the stock in a report on Tuesday, January 16th. CIBC dropped their price objective on shares of Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a report on Monday. Canaccord Genuity Group raised their price objective on shares of Corus Entertainment from C$0.50 to C$0.65 and gave the stock a sell rating in a report on Monday, January 15th. Finally, Scotiabank dropped their price objective on shares of Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of C$0.94.

Corus Entertainment Stock Down 3.7 %

TSE:CJR.B opened at C$0.52 on Monday. The firm has a market cap of C$101.96 million, a P/E ratio of -0.24, a P/E/G ratio of -0.61 and a beta of 2.03. The company has a debt-to-equity ratio of 250.25, a quick ratio of 0.70 and a current ratio of 0.68. Corus Entertainment has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.69. The firm has a 50-day simple moving average of C$0.74 and a two-hundred day simple moving average of C$0.75.

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.