Corus Entertainment (TSE:CJR.B) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a C$11.00 price target on the stock, down from their prior price target of C$16.00. TD Securities’ target price would suggest a potential upside of 25.00% from the stock’s current price.

CJR.B has been the topic of several other research reports. BMO Capital Markets reduced their price objective on shares of Corus Entertainment from C$13.50 to C$12.50 and set a “market perform” rating on the stock in a research note on Thursday, October 19th. CIBC reduced their price objective on shares of Corus Entertainment from C$13.50 to C$13.00 in a research note on Thursday, October 19th. Scotiabank reduced their price objective on shares of Corus Entertainment from C$15.50 to C$15.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. National Bank Financial reduced their price objective on shares of Corus Entertainment from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. Finally, Royal Bank of Canada reduced their price objective on shares of Corus Entertainment from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 19th. Seven analysts have rated the stock with a hold rating, The company presently 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$0.27 during trading hours on Thursday, hitting C$8.80. 2,390,000 shares of the stock traded hands, compared to its average volume of 509,522. Corus Entertainment has a 12 month low of C$8.73 and a 12 month high of C$14.10. The firm has a market cap of $1,790.00, a PE ratio of 9.17 and a beta of 0.26.

ILLEGAL ACTIVITY NOTICE: “TD Securities Lowers Corus Entertainment (CJR.B) to Hold” was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/td-securities-lowers-corus-entertainment-cjr-b-to-hold/1803160.html.

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.

Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

Receive News & Ratings for Corus Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corus Entertainment and related companies with Analyst Ratings Network's FREE daily email newsletter.