Corus Entertainment (OTCMKTS:CJREF – Get Rating) was downgraded to a “buy” rating by equity analysts at Canaccord Genuity Group in a research note published Monday, reports The Fly.
CJREF has been the subject of several other research reports. CIBC lowered Corus Entertainment from an “outperform” rating to a “neutral” rating in a research report on Monday 12 September. BMO Capital Markets lowered its target price on Corus Entertainment to $5.00 from $6.00 in a research report on Thursday, June 30. Cormark downgraded Corus Entertainment from a ‘buy’ rating to a ‘market perform’ rating in a research report on Monday 12th September. The Royal Bank of Canada downgraded Corus Entertainment from an “Outperform” rating to a “Sector Perform” rating in a research report on Monday 12 September. Finally, TD Securities lowered Corus Entertainment from a “action list buy” rating to a “buy” rating and lowered its price target on the stock to $5.00 from $6.50 in a research report on Tuesday, September 13 . Four equities research analysts have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.11.
Value for money from Corus Entertainment
CJREF opened at $1.48 on Monday. The stock has a 50-day moving average price of $2.21 and a 200-day moving average price of $2.82. The company has a leverage ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $291.37 million, a P/E of -1.56 and a beta of 1.64. Corus Entertainment has a 1 year low of $1.43 and a 1 year high of $4.72.
About Corus Entertainment
Corus Entertainment Inc, a media and content company, operates specialty and mainstream television and radio stations in Canada and internationally. It operates through two segments, television and radio. The Television segment operates 33 specialty television channels and 15 conventional television channels.
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