The Services sector company, Corus Entertnmnt B (TSX: CJR.B), has received a rating update from a Wall Street analyst today. Analyst Adam Shine from National Bank rated Corus Entertnmnt B (TSX: CJR.B) a Hold, setting a C$4.75 price target.
According to TipRanks.com, Shine is ranked #2871 out of 4880 analysts.
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Currently, the analyst consensus on Corus Entertnmnt B is a Hold with an average price target of C$5.78, which is a 39.6% upside from current levels. In a report issued on September 9, BMO Capital also reiterated a Hold rating on the stock with a C$5 price target.
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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 Monday at C$4.14, close to its 52-week low of C$3.62.
