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Corus Entertainment Inc
Symbol CJR
Shares Issued 196,074,764
Close 2025-01-10 C$ 0.105
Market Cap C$ 20,587,850
Recent Sedar Documents

Globe says Corus's equity value seen to be "in flux"

2025-01-10 07:55 ET - In the News

The Globe and Mail reports in its Friday edition that RBC Dominion Securities analyst Drew McReynolds is sticking with his "sector perform" ranking and Street-high 20-cent share target for Corus Entertainment. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the Class B shares at nine cents. Ahead of Friday's release of its first quarter 2025 financial results, Mr. McReynolds thinks Corus Entertainment's equity value is "in flux pending a more sustainable capital structure." Mr. McReynolds says in a note: "Given the step-back in earnings visibility following the non-renewal of WBD programming and in light of an underwhelming television advertising recovery and recent CEO change, we believe Corus's back is against the wall with channel rebranding, cost reductions, balance sheet/liquidity management and regulatory relief remaining four key priorities. Until more progress is demonstrated on each of these fronts including instituting a more sustainable capital structure, we expect equity value to be under considerable pressure and in flux with the risk profile of the stock notably elevated. ... We continue to expect an eventual broader restructuring that effectively right-sizes the balance sheet."

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