Corus Entertainment Inc. (OTCMKTS:CJREF) Short Interest Update

Corus Entertainment Inc. (OTCMKTS:CJREFGet Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 828,800 shares, an increase of 95.6% from the March 31st total of 423,700 shares. Based on an average daily trading volume, of 17,700 shares, the days-to-cover ratio is presently 46.8 days.

OTCMKTS CJREF opened at $3.36 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $3.99. The company has a market cap of $684.70 million, a P/E ratio of 5.72 and a beta of 1.50. Corus Entertainment has a 1 year low of $3.31 and a 1 year high of $5.37.

The company also recently disclosed a dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a dividend of $0.048 per share. This represents a dividend yield of 4.84%. The ex-dividend date was Monday, March 14th. Corus Entertainment’s dividend payout ratio is currently 32.76%.

Several analysts have commented on CJREF shares. CIBC boosted their target price on shares of Corus Entertainment from C$7.50 to C$8.00 in a research report on Friday, January 14th. TD Securities decreased their target price on shares of Corus Entertainment from C$10.00 to C$7.50 in a research report on Monday, April 11th. National Bank Financial decreased their target price on shares of Corus Entertainment from C$8.00 to C$6.50 in a research report on Wednesday, March 23rd. BMO Capital Markets decreased their target price on shares of Corus Entertainment from C$6.75 to C$6.00 in a research report on Monday, April 11th. Finally, Canaccord Genuity Group decreased their target price on shares of Corus Entertainment from C$8.50 to C$7.00 and set a “buy” rating for the company in a research report on Tuesday, April 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $7.36.

About Corus Entertainment (Get Rating)

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment operates 33 specialty television networks and 15 conventional television stations.

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