BMO Capital Keeps a Hold Rating on Corus Entertnmnt B (CJR.B)
In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Corus Entertnmnt B (TSX: CJR.B). On September 9, analyst Tim Casey gave a Hold rating to CJR.B and set a C$5 price target.
According to TipRanks.com, Casey is ranked #1419 out of 4872 analysts.
Corus Entertnmnt B has an analyst consensus of Hold, with a price target consensus of C$6.07.
Based on Corus Entertnmnt B’s latest earnings release for the quarter ending May 31, the company reported a quarterly GAAP net loss of C$936 million. In comparison, last year the company had a net profit of C$28.92 million.
Corus Entertainment, Inc. is a media and entertainment holding company, which engages in the provision of radio broadcasting, specialty television, digital audio services, and cable advertising services. It operates through the Television and Radio segments.
The company’s shares closed on Thursday at C$3.90, close to its 52-week low of C$3.62.