Corus Entertainment Inc. (OTCMKTS:CJREF – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.09 and traded as low as $0.96. Corus Entertainment shares last traded at $0.98, with a volume of 37,625 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. TD Securities reduced their price target on Corus Entertainment from C$4.50 to C$3.75 in a report on Friday, June 30th. National Bank Financial reduced their price target on Corus Entertainment from C$2.25 to C$2.00 in a report on Friday, June 9th. BMO Capital Markets increased their price objective on Corus Entertainment from C$1.75 to C$2.15 in a research note on Friday, July 14th. CIBC dropped their price objective on Corus Entertainment from C$2.25 to C$2.00 in a research note on Wednesday, June 21st. Finally, Scotiabank dropped their price objective on Corus Entertainment from C$2.30 to C$1.90 and set a “sector perform” rating on the stock in a research note on Friday, June 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.56.
Corus Entertainment Price Performance
Corus Entertainment (OTCMKTS:CJREF – Get Free Report) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $292.53 million during the quarter. Corus Entertainment had a positive return on equity of 1.72% and a negative net margin of 56.36%.
Corus Entertainment Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.0226 dividend. This is a positive change from Corus Entertainment’s previous dividend of $0.02. The ex-dividend date was Friday, July 28th. This represents a yield of 7.88%. Corus Entertainment’s dividend payout ratio (DPR) is -2.83%.
About Corus Entertainment
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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