Corus Entertainment Inc. (TSE:CJR.B)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.80 and traded as low as $5.51. Corus Entertainment shares last traded at $5.69, with a volume of 165,881 shares.
CJR.B has been the subject of several research analyst reports. BMO Capital Markets reduced their price objective on Corus Entertainment from C$7.00 to C$6.50 in a research note on Monday, September 9th. National Bank Financial downgraded Corus Entertainment from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$7.50 to C$5.75 in a research note on Monday, October 21st. Canaccord Genuity increased their price objective on Corus Entertainment from C$8.50 to C$9.00 in a research note on Monday, October 21st. Finally, Royal Bank of Canada reduced their price objective on Corus Entertainment from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$7.97.
The stock has a 50 day moving average of C$5.32 and a two-hundred day moving average of C$5.77. The company has a debt-to-equity ratio of 100.15, a quick ratio of 0.91 and a current ratio of 0.95. The firm has a market capitalization of $1.17 billion and a P/E ratio of 7.65.
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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