TD Securities Cuts Corus Entertainment (TSE:CJR.B) Price Target to C$0.35

Corus Entertainment (TSE:CJR.B) had its price target cut by TD Securities from C$0.70 to C$0.35 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

CJR.B has been the subject of several other research reports. National Bankshares lowered their price target on shares of Corus Entertainment from C$0.40 to C$0.25 and set an underperform rating for the company in a research report on Tuesday, June 11th. Cormark lowered their price target on shares of Corus Entertainment from C$1.00 to C$0.60 in a research report on Monday, April 15th. Royal Bank of Canada lowered their price target on shares of Corus Entertainment from C$1.25 to C$0.50 and set a sector perform rating for the company in a research report on Tuesday, June 11th. Scotiabank cut shares of Corus Entertainment from a sector perform rating to an underperform rating and lowered their price target for the stock from C$0.90 to C$0.37 in a research report on Monday, June 10th. Finally, Canaccord Genuity Group lowered their price target on shares of Corus Entertainment from C$0.65 to C$0.25 and set a sell rating for the company in a research report on Monday, June 10th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$0.67.

Corus Entertainment Trading Up 2.6 %

Shares of TSE CJR.B opened at C$0.20 on Wednesday. Corus Entertainment has a 1-year low of C$0.17 and a 1-year high of C$1.69. The company has a 50-day moving average of C$0.50 and a two-hundred day moving average of C$0.67. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The company has a market cap of C$38.24 million, a PE ratio of -0.09, a P/E/G ratio of -0.61 and a beta of 2.08.

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.