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Corus Entertainment ( ($TSE:CJR.B) ) has shared an announcement.
Corus Entertainment has amended its Eighth Amended and Restated Credit Agreement to increase its revolving credit facility from $75 million to $125 million. This strategic move is part of Corus’s prudent liquidity management strategy, aiming to enhance its financial flexibility and support its operational and strategic objectives.
The most recent analyst rating on ($TSE:CJR.B) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Corus Entertainment stock, see the TSE:CJR.B Stock Forecast page.
Spark’s Take on TSE:CJR.B Stock
According to Spark, TipRanks’ AI Analyst, TSE:CJR.B is a Neutral.
Corus Entertainment’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, negative equity, and profitability challenges. The technical analysis indicates a bearish trend, further weighing on the score. Valuation concerns, highlighted by a negative P/E ratio and lack of dividend yield, also contribute to the low score. Despite some positive aspects in digital growth and cost management, the overall outlook remains cautious.
To see Spark’s full report on TSE:CJR.B stock, click here.
More about Corus Entertainment
Corus Entertainment Inc. operates in the media and entertainment industry, focusing on television broadcasting, radio, and content production. The company provides a variety of entertainment services and products, catering to a diverse audience through its multiple platforms.
Average Trading Volume: 162,806
Technical Sentiment Signal: Sell
Current Market Cap: C$18.95M
For detailed information about CJR.B stock, go to TipRanks’ Stock Analysis page.