Corus Entertainment (OTCMKTS:CJREF) PT Lowered to $4.50

Corus Entertainment (OTCMKTS:CJREF) had its target price decreased by equities researchers at CIBC from $5.00 to $4.50 in a note issued to investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 119.51% from the company’s previous close.

CJREF has been the subject of a number of other reports. BMO Capital Markets lowered their price target on Corus Entertainment from $6.50 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, April 2nd. National Bank Financial raised Corus Entertainment from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 3rd. Royal Bank of Canada lowered their target price on Corus Entertainment from $7.00 to $4.00 and set a “sector perform” rating for the company in a research note on Monday, March 30th. Scotiabank lowered their target price on Corus Entertainment from $5.00 to $4.50 and set an “outperform” rating for the company in a research note on Monday. Finally, Canaccord Genuity increased their target price on Corus Entertainment from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Friday, June 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $4.50.

Shares of CJREF stock opened at $2.05 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $424.37 million, a PE ratio of -0.90 and a beta of 1.32. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $2.94. Corus Entertainment has a one year low of $1.25 and a one year high of $4.82.

Corus Entertainment (OTCMKTS:CJREF) last announced its quarterly earnings results on Friday, June 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $262.53 million during the quarter. Corus Entertainment had a negative net margin of 40.05% and a positive return on equity of 8.60%.

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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The Fly

Analyst Recommendations for Corus Entertainment (OTCMKTS:CJREF)

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