Corus Entertainment (TSE:CJR.B) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Monday, BayStreet.CA reports. They currently have a C$5.75 target price on the stock, down from their prior target price of C$7.50. National Bank Financial’s price objective would suggest a potential upside of 18.31% from the stock’s previous close.
Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Corus Entertainment from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a report on Monday. Canaccord Genuity upped their target price on shares of Corus Entertainment from C$8.50 to C$9.00 in a report on Monday. Cormark lowered their target price on shares of Corus Entertainment from C$8.50 to C$8.25 in a report on Thursday, June 27th. Finally, BMO Capital Markets lowered their target price on shares of Corus Entertainment from C$7.00 to C$6.50 in a report on Monday, September 9th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$7.97.
TSE CJR.B traded down C$0.38 on Monday, hitting C$4.86. 1,871,196 shares of the stock were exchanged, compared to its average volume of 642,951. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 103.12. Corus Entertainment has a fifty-two week low of C$4.23 and a fifty-two week high of C$8.11. The company has a market cap of $1.05 billion and a PE ratio of 6.20. The company has a 50-day moving average price of C$5.37 and a 200-day moving average price of C$6.08.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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