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

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

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

Corus Entertainment Stock Performance

TSE:CJR.B opened at C$0.52 on Monday. Corus Entertainment has a 1 year low of C$0.50 and a 1 year high of C$1.69. The firm’s fifty day simple moving average is C$0.74 and its 200 day simple moving average is C$0.75. The company has a current ratio of 0.68, a quick ratio of 0.70 and a debt-to-equity ratio of 250.25. The firm has a market capitalization of C$101.96 million, a PE ratio of -0.24, a PEG ratio of -0.61 and a beta of 2.03.

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.