Corus Entertainment (CJR.B) Downgraded to “Sector Perform” at Scotiabank

Corus Entertainment (TSE:CJR.B) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday. They presently have a C$8.50 price target on the stock, down from their prior price target of C$13.00. Scotiabank’s price target indicates a potential downside of 3.41% from the company’s previous close.

Several other equities analysts have also issued reports on CJR.B. Barclays dropped their price objective on Corus Entertainment from C$11.00 to C$8.00 in a report on Thursday. CIBC dropped their price objective on Corus Entertainment from C$13.00 to C$11.00 in a report on Thursday. Desjardins lowered Corus Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$15.00 to C$11.50 in a report on Thursday. TD Securities lowered Corus Entertainment from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$16.00 to C$11.00 in a report on Thursday. Finally, BMO Capital Markets lowered their price target on Corus Entertainment from C$13.50 to C$12.50 and set a “market perform” rating on the stock in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of C$10.25.

Shares of Corus Entertainment (TSE:CJR.B) traded down C$0.27 during mid-day trading on Thursday, hitting C$8.80. The company’s stock had a trading volume of 2,390,000 shares, compared to its average volume of 509,522. The stock has a market capitalization of $1,790.00, a price-to-earnings ratio of 9.17 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.

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Corus Entertainment Company Profile

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)

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