Scotiabank Lowers Corus Entertainment (TSE:CJR.B) Price Target to C$0.90

Corus Entertainment (TSE:CJR.B) had its price objective decreased by Scotiabank from C$1.10 to C$0.90 in a report published on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on CJR.B. CIBC lowered their price target on Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating for the company in a report on Monday. Canaccord Genuity Group raised their price target on Corus Entertainment from C$0.50 to C$0.65 and gave the stock a sell rating in a report on Monday, January 15th. TD Securities lowered their price target on Corus Entertainment from C$4.50 to C$2.50 and set a speculative buy rating for the company in a report on Tuesday, January 16th. Finally, Cormark lowered their price target on Corus Entertainment from C$1.00 to C$0.60 in a report on Monday. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$0.94.

Corus Entertainment Price Performance

Shares of TSE CJR.B opened at C$0.51 on Monday. The company has a debt-to-equity ratio of 250.25, a quick ratio of 0.70 and a current ratio of 0.68. The company has a market cap of C$100.00 million, a PE ratio of -0.24, a P/E/G ratio of -0.61 and a beta of 2.03. The business has a 50-day simple moving average of C$0.73 and a two-hundred day simple moving average of C$0.75. Corus Entertainment has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.69.

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.