TD Securities Has Lowered Expectations for Corus Entertainment (TSE:CJR.B) Stock Price

Corus Entertainment (TSE:CJR.B) had its target price cut by investment analysts at TD Securities from C$0.05 to C$0.01 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sell” rating on the stock. TD Securities’ price target would indicate a potential downside of 75.00% from the stock’s previous close.

Separately, Royal Bank Of Canada reduced their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Performance

Corus Entertainment stock traded down C$0.03 during mid-day trading on Tuesday, reaching C$0.04. The company’s stock had a trading volume of 4,430,367 shares, compared to its average volume of 223,021. The firm has a market cap of C$7.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.80. The business has a 50 day moving average price of C$0.09 and a 200-day moving average price of C$0.10. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. Corus Entertainment has a twelve month low of C$0.03 and a twelve month high of C$0.14.

About Corus Entertainment

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets.