Corus Entertainment Inc. (TSE:CJR.B) Receives C$14.55 Average Price Target from Analysts

Shares of Corus Entertainment Inc. (TSE:CJR.B) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, AnalystRatingsNetwork.com reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$14.55.

Several equities research analysts recently issued reports on the stock. TD Securities dropped their target price on shares of Corus Entertainment from C$17.00 to C$15.00 and set a “buy” rating on the stock in a report on Wednesday, November 25th. National Bank Financial dropped their target price on shares of Corus Entertainment from C$14.00 to C$11.50 and set a “sector perform” rating on the stock in a report on Friday, November 20th. Scotiabank dropped their price target on shares of Corus Entertainment from C$13.00 to C$12.00 and set an “underperform” rating on the stock in a research note on Friday, October 23rd. Finally, RBC Capital dropped their price target on shares of Corus Entertainment from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Friday, October 23rd.

Corus Entertainment Inc. is a communications and entertainment company. The Company operates through two operating segments: Television and Radio. The Television segment is comprised of specialty television networks, pay television services, three conventional television stations and the Corus content business, which consists of the production and distribution of films and television programs, merchandise licensing, publishing and animation software. The Company’s multimedia entertainment brands include YTV; Treehouse; Nickelodeon (TSE:CJR); W Network; OWN: Oprah Winfrey Network (Canada); W Movies; Sundance Channel (Canada); Movie Central (including HBO Canada and Encore Avenue); Nelvana; Kids Can Press; and Toon Boom. The Radio segment comprises 37 radio stations, situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario.

 

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