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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Its brands include Global Television, W Network, Flavour Network and Home Network (launching soon), The HISTORY Channel, Showcase, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. It is also the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the free ad-supported streaming television service. It is an international content creator, producer and distributor through Corus Studios and Nelvana.


TSX:CJR.B - Post by User

Comment by Hillsvilleon Jun 16, 2021 4:15am
369 Views
Post# 33393973

RE:RE:TD's Report on Corus Entertainment

RE:RE:TD's Report on Corus Entertainment Yet, despite with the slight negative news that Jeff Fan from Scotia predicted, his target price of Corus Entertainment is at $10/share as of April 11, 2021.

Scotiabank analyst Jeff Fan, who rates the stock as a “sector outperformer,” argued that the time has come to reassess Corus Entertainment’s heavily discounted valuation.

“CJR has been cheap for a while. Why? We think it reflects the market’s concerns about the long-term future of Canadian TV broadcasting, in particular the disintermediation by streaming services, the loss of future content supply (or more costly) and the continued regulatory burden.” he said in a note.

“We think it is time for the market to reassess because we see more tangible progress on initiatives that address the above secular issues, plus the last COVID-19 difficult y/y comparison quarter is now behind us. We believe the tangible progress includes: 1) StackTV, 2) higher content sales outside Canada for higher-margin revenue and better future content supply for the advertising video on demand opportunity, and 3) Bill C-10 (the amendment to the Broadcasting Act),” he said.

while TD analyst Vince Valentini recommends Corus Enrertainment's target price to be $9/ share as of April 11, 2021.


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