BMO Capital Keeps Their Hold Rating on Corus Entertainment (CJREF)

In a report released today, Tim Casey from BMO Capital maintained a Hold rating on Corus Entertainment (CJREFResearch Report), with a price target of C$2.50. The company’s shares closed last Friday at $1.44.

Casey covers the Technology sector, focusing on stocks such as BCE, Shaw Communications, and Telus. According to TipRanks, Casey has an average return of 11.0% and a 69.68% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Corus Entertainment with a $2.41 average price target, which is a 67.36% upside from current levels. In a report released on January 10, RBC Capital also maintained a Hold rating on the stock with a C$3.50 price target.

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The company has a one-year high of $4.10 and a one-year low of $1.39. Currently, Corus Entertainment has an average volume of 18.31K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CJREF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 following segments: Television, Radio, and Corporate. The Television segment comprises of specialty television networks, pay television services, conventional television stations, and the Corus content business. The Radio segment includes radio stations with a concentration in the densely populated area. The Corporate segment refers to the incremental cost of corporate overhead in excess of the amount allocated to the other operating segments. The company was founded by James Robert Shaw on March 3, 1998 and is headquartered in Toronto, Canada.

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