Corus Entertainment (CJR.B) Cut to Hold at Desjardins
Desjardins downgraded shares of Corus Entertainment (TSE:CJR.B) from a buy rating to a hold rating in a research note issued to investors on Thursday morning. They currently have C$11.50 target price on the stock, down from their previous target price of C$15.00.
A number of other equities analysts also recently commented on CJR.B. TD Securities downgraded shares of Corus Entertainment from a buy rating to a hold rating and lowered their target price for the stock from C$16.00 to C$11.00 in a research note on Thursday. BMO Capital Markets reduced their price target on shares of Corus Entertainment from C$13.50 to C$12.50 and set a market perform rating for the company in a research report on Thursday, October 19th. CIBC reduced their price target on shares of Corus Entertainment from C$13.50 to C$13.00 in a research report on Thursday, October 19th. Scotiabank reduced their price target on shares of Corus Entertainment from C$15.50 to C$15.00 and set an outperform rating for the company in a research report on Monday, October 16th. Finally, National Bank Financial reduced their price target on shares of Corus Entertainment from C$13.00 to C$12.50 and set a sector perform rating for the company in a research report on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average price target of C$10.25.
Shares of Corus Entertainment (TSE CJR.B) traded down C$0.08 during mid-day trading on Thursday, hitting C$9.00. 2,080,000 shares of the company were exchanged, compared to its average volume of 625,829. The firm has a market capitalization of $1,830.00, a P/E ratio of 9.28 and a beta of 0.26. Corus Entertainment has a 12-month low of C$8.73 and a 12-month high of C$14.10.
About Corus Entertainment
Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.
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