Corus Entertainment Inc. (TSE:CJR.B) Receives Average Recommendation of “Strong Sell” from Brokerages

Shares of Corus Entertainment Inc. (TSE:CJR.B) have been assigned an average rating of “Strong Sell” from the six ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$0.31.

A number of brokerages have recently commented on CJR.B. Canaccord Genuity Group decreased their price target on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating on the stock in a report on Tuesday, July 16th. TD Securities cut shares of Corus Entertainment from a “hold” rating to a “sell” rating and decreased their target price for the stock from C$0.35 to C$0.05 in a research report on Tuesday, July 16th. Royal Bank of Canada lowered their price objective on Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating for the company in a research report on Tuesday, July 16th. National Bankshares lowered their price objective on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Finally, Scotiabank lowered their price objective on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research report on Tuesday, July 16th.

Corus Entertainment Price Performance

Shares of TSE:CJR.B opened at C$0.18 on Thursday. The company’s fifty day moving average price is C$0.13 and its 200-day moving average price is C$0.35. The firm has a market capitalization of C$34.31 million, a price-to-earnings ratio of -0.05, a PEG ratio of -0.61 and a beta of 2.03. Corus Entertainment has a one year low of C$0.10 and a one year high of C$1.08. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

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.