Corus Entertainment (CJR) Downgraded by National Bank Financial to “Sector Perform Market Weight”

Corus Entertainment (TSE:CJR) was downgraded by equities research analysts at National Bank Financial from an “outperform market weight” rating to a “sector perform market weight” rating in a note issued to investors on Wednesday. National Bank Financial also issued estimates for Corus Entertainment’s FY2018 earnings at $0.98 EPS and FY2019 earnings at $0.99 EPS.

Separately, Desjardins lowered Corus Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday.

Corus Entertainment (TSE:CJR) traded down C$0.08 during mid-day trading on Wednesday, hitting C$9.00. The company had a trading volume of 2,080,000 shares, compared to its average volume of 625,829. The firm has a market cap of $1,830.00, a price-to-earnings ratio of 9.28 and a beta of 0.26. Corus Entertainment has a twelve month low of C$8.73 and a twelve month high of C$14.10.

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Corus Entertainment Company Profile

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.

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