RBC Capital analyst Drew Mcreynolds maintained a Hold rating on Corus Entertainment (CJREF – Research Report) today and set a price target of C$3.00. The company’s shares closed last Friday at $1.44.
According to TipRanks, Mcreynolds is a 4-star analyst with an average return of 6.2% and a 54.93% success rate. Mcreynolds covers the Technology sector, focusing on stocks such as Rogers Communication, BCE, and Shaw Communications.
In addition to RBC Capital, Corus Entertainment also received a Hold from National Bank’s Adam Shine in a report issued today. However, on the same day, TD Securities maintained a Buy rating on Corus Entertainment (Other OTC: CJREF).
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Based on Corus Entertainment’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $339.59 million and a GAAP net loss of $367.07 million. In comparison, last year the company earned a revenue of $361.26 million and had a net profit of $19.92 million
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.
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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.
Read More on CJREF:
- Corus expects softness in Television advertising revenue to persist in 2023
- Corus says will not renew share buyback program, will defer dividend decision
- Corus Entertainment reports Q1 EPS C$0.16 vs. C$0.36 last year
- Corus Entertainment price target lowered to C$4.50 from C$5 at TD Securities
- Corus Entertainment price target lowered to C$2.60 from C$2.75 at Canaccord