TD Securities Lowers Corus Entertainment (TSE:CJR.B) to Hold

Corus Entertainment (TSE:CJR.B) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Thursday, January 11th. They currently have a C$11.00 price target on the stock, down from their previous price target of C$16.00. TD Securities’ price target suggests a potential upside of 32.85% from the stock’s current price.

A number of other research firms also recently commented on CJR.B. Scotiabank reduced their target price on Corus Entertainment from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Sunday, October 22nd. National Bank Financial raised Corus Entertainment from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$12.50 to C$13.00 in a report on Thursday, October 19th. CIBC cut their price target on Corus Entertainment from C$13.50 to C$13.00 in a report on Thursday, October 19th. Royal Bank of Canada cut their target price on 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. Finally, BMO Capital Markets cut their target price on 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. Seven investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of C$10.25.

Shares of Corus Entertainment (CJR.B) opened at C$8.28 on Thursday. Corus Entertainment has a 12 month low of C$7.96 and a 12 month high of C$14.10. The stock has a market capitalization of $1,690.00, a PE ratio of 8.54 and a beta of -0.02.

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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)

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