Corus Entertainment Inc. (TSE:CJR.B) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Corus Entertainment Inc. (TSE:CJR.B) have earned a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$8.43.

A number of equities analysts have recently issued reports on the company. Cormark dropped their price target on Corus Entertainment from C$8.50 to C$8.25 in a research report on Thursday, June 27th. BMO Capital Markets set a C$7.00 price target on Corus Entertainment and gave the stock a “market perform” rating in a research report on Tuesday, June 4th. Royal Bank of Canada increased their price target on Corus Entertainment from C$7.50 to C$8.00 in a research report on Monday, April 8th. National Bank Financial set a C$8.50 price objective on Corus Entertainment and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, TD Securities upped their price objective on Corus Entertainment from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a research note on Monday, April 8th.

Shares of CJR.B traded down C$0.02 during midday trading on Friday, reaching C$5.13. 472,861 shares of the stock were exchanged, compared to its average volume of 642,951. Corus Entertainment has a 52 week low of C$3.62 and a 52 week high of C$8.11. The company has a debt-to-equity ratio of 103.12, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a 50 day moving average price of C$5.91. The company has a market capitalization of $1.07 billion and a P/E ratio of 6.54.

Corus Entertainment Company Profile

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.

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

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