Shares of Corus Entertainment Inc. (OTCMKTS:CJREF – Get Rating) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, reports Marketbeat.com. Four analysts rated the stock a hold rating and two assigned a buy rating to the company. The average 12-month target price among brokers who have issued stock ratings in the past year is $5.69.
Several brokerage houses have commented on CJREF. Canaccord Genuity Group lowered the price target on Corus Entertainment shares from C$5.25 to C$4.25 in a research note on Monday, September 12. National Bank Financial downgraded Corus Entertainment from an “outperform” rating to a “sector performer” rating in a research note on Sunday, September 11. BMO Capital Markets cut its price target on Corus Entertainment from C$6.00 to C$5.00 in a research report on Thursday, June 30. CIBC downgraded Corus Entertainment from an “outperform” rating to a “neutral” rating in an investigative report on Monday, September 12. Cormark ultimately downgraded Corus Entertainment’s stock from a “buy” rating to a “market return” rating in a research report on Monday, September 12.
Corus Entertainment shares fell 4.6%
CJREF shares opened at $1.75 on Friday. The stock has a market capitalization of $344.92 million, a P/E ratio of 3.24, and a beta of 1.64. The company’s fifty day simple moving average is $2.51 and its two hundred day simple moving average is $3.01. The company has a quick ratio of 0.84, a current ratio of 0.84, and a debt-to-equity ratio of 0.99. Corus Entertainment has a 52-week minimum of $1.63 and a 52-week maximum of $4.80.
Corus Entertainment cuts dividend
The company also recently announced a dividend, which was paid on Thursday, September 29. Shareholders of record on Thursday, September 15, were paid a dividend of $0.0466. The ex-dividend date was Wednesday, September 14. This represents a yield of 7.4%. Corus Entertainment’s Dividend Payout Ratio (DPR) is currently 33.33%.
About Corus Entertainment
Corus Entertainment Inc, a media and content company, operates mainstream and specialty television networks and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment operates 33 specialized television networks and 15 conventional television stations.
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