RBC Capital Sticks to Their Hold Rating for Corus Entertnmnt B

By Jason Carr

Corus Entertnmnt B (TSX: CJR.B), the Services sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Drew Mcreynolds from RBC Capital rated Corus Entertnmnt B (TSX: CJR.B) a Hold, setting a C$13 price target.

According to TipRanks.com, Mcreynolds is a 3-star analyst with an average return of 5.1% and a 58.3% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Shaw Communications Inc, Points International, and Thomson Reuters Corp.

Corus Entertnmnt B has an analyst consensus of Moderate Buy, with a price target consensus of C$14.40.

Corus Entertnmnt B’s market cap is currently C$2.83B and has a P/E ratio of 17.

Corus Entertainment, Inc. is a media and entertainment 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 Friday at C$13.89, close to its 52-week high of C$14.06.