Wall Street analyst has provided a rating update for the Services sector company today, while remaining neutral on the stock. Analyst Aravinda Galappatthige from Canaccord Genuity remains neutral on Corus Entertnmnt B (TSX: CJR.B) and has a C$7 price target.
According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of 0.2% and a 59.3% success rate. Galappatthige covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Shaw Communications Inc, and Thomson Reuters Corp.
Corus Entertnmnt B has an analyst consensus of Hold, with a price target consensus of C$7.90.
Based on Corus Entertnmnt B’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of C$40.04 million. In comparison, last year the company had a net profit of C$66.72 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 Tuesday at C$6.80, close to its 52-week low of C$5.56.