Corus Entertainment Inc. (OTCMKTS:CJREF) Receives $6.31 Average Price Target from Brokerages

Shares of Corus Entertainment Inc. (OTCMKTS:CJREFGet Rating) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $5.69.

Several equities analysts have recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of Corus Entertainment from C$5.25 to C$4.25 in a research report on Monday. Royal Bank of Canada downgraded shares of Corus Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Monday. CIBC downgraded Corus Entertainment from an “outperform” rating to a “neutral” rating in a report on Monday. National Bank Financial lowered Corus Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Sunday. Finally, Cormark downgraded Corus Entertainment from a “buy” rating to a “market perform” rating in a research report on Monday.

Corus Entertainment Price Performance

Corus Entertainment stock opened at $2.04 on Monday. The stock’s fifty day moving average price is $2.82 and its two-hundred day moving average price is $3.25. The firm has a market cap of $401.62 million, a PE ratio of 3.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. Corus Entertainment has a one year low of $2.04 and a one year high of $4.80.

Corus Entertainment (OTCMKTS:CJREFGet Rating) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $0.11 EPS for the quarter. Corus Entertainment had a return on equity of 11.31% and a net margin of 8.77%. The company had revenue of $341.07 million for the quarter.

Corus Entertainment Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.0466 per share. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, September 14th. Corus Entertainment’s payout ratio is 35.19%.

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.

Further Reading

Analyst Recommendations for Corus Entertainment (OTCMKTS:CJREF)

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