Corus Entertainment (CJR.B) Downgraded to “Hold” at Desjardins

Corus Entertainment (TSE:CJR.B) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Thursday. They currently have a C$11.50 price target on the stock, down from their prior price target of C$15.00. Desjardins’ price target would indicate a potential upside of 27.78% from the company’s previous close.

Several other equities analysts also recently commented on the stock. TD Securities downgraded shares of Corus Entertainment from a “buy” rating to a “hold” rating and cut their price target for the company from C$16.00 to C$11.00 in a report on Thursday. Scotiabank cut their price target on shares of 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 upgraded shares of Corus Entertainment from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$12.50 to C$13.00 in a report on Thursday, October 19th. CIBC cut their price target on shares of Corus Entertainment from C$13.50 to C$13.00 in a report on Thursday, October 19th. Finally, Royal Bank of Canada cut their price target on shares of Corus Entertainment from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of C$10.25.

Shares of Corus Entertainment (CJR.B) opened at C$9.00 on Thursday. Corus Entertainment has a fifty-two week low of C$8.73 and a fifty-two week high of C$14.10. The firm has a market cap of $1,830.00, a PE ratio of 9.28 and a beta of 0.26.

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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.

Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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