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Corus Entertainment ( ($TSE:CJR.B) ) has provided an announcement.
Corus Entertainment reported a decrease in consolidated revenue by 10% for the third quarter and 11% for the year-to-date, with a net loss attributable to shareholders of $7.3 million for the quarter. Despite these financial challenges, the company is making progress in reducing its cost base and has secured a strong lineup of new shows for the upcoming broadcast season. Corus is focusing on targeted growth opportunities and implementing cost-saving initiatives to navigate the challenging industry landscape.
The most recent analyst rating on ($TSE:CJR.B) stock is a Sell with a C$0.24 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 significant financial challenges, including declining revenues and negative equity. Technical indicators provide some optimism, but the high volatility poses risks. Valuation concerns due to negative profitability further weigh on the score. Strategic management changes and improved credit terms offer potential upside, but execution remains crucial.
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, primarily focusing on television and radio broadcasting. The company is known for its television networks and radio stations, with a strong presence in Canada. It offers a range of entertainment content, including news, sports, and lifestyle programming, and is committed to expanding its digital platforms.
Average Trading Volume: 157,086
Technical Sentiment Signal: Sell
Current Market Cap: C$21.94M
For an in-depth examination of CJR.B stock, go to TipRanks’ Overview page.