Corus Entertainment Inc. (OTCMKTS:CJREF – Get Rating) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.22.
Several analysts have recently commented on CJREF shares. Canaccord Genuity Group decreased their price objective on shares of Corus Entertainment from C$2.75 to C$2.60 in a research report on Tuesday, December 13th. Royal Bank of Canada cut their target price on shares of Corus Entertainment from C$4.00 to C$3.50 in a research report on Monday, October 24th. BMO Capital Markets reduced their target price on shares of Corus Entertainment from C$4.50 to C$2.50 in a research note on Monday, October 24th. Scotiabank reduced their target price on shares of Corus Entertainment from C$3.40 to C$3.00 in a research note on Friday, December 9th. Finally, TD Securities cut their target price on shares of Corus Entertainment from C$5.00 to C$4.50 in a research report on Wednesday, December 21st.
Corus Entertainment falls 16.3%
OTCMKTS CJREF opened at $1.44 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73, and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $1.62 and a two hundred day simple moving average of $2.11. Corus Entertainment has a 12-month low of $1.41 and a 12-month high of $4.43. The stock has a market cap of $282.34 million, a P/E ratio of -1.52 and a beta of 1.55.
Corus Entertainment (OTCMKTS:CJREF – Get Rating) last posted its earnings results on Friday, October 21st. The company reported ($0.06) earnings per share (EPS) for the quarter. Corus Entertainment had a positive return on equity of 9.02% and a negative net margin of 14.95%. The business had revenue of $263.50 million for the quarter.
Corus Entertainment cuts dividend
The firm also recently declared a dividend, which was paid on Thursday, December 29th. Investors of record on Thursday, December 15th were given a dividend of $0.0436 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a yield of 10.91%. Corus Entertainment’s payout ratio is currently -18.95%.
Corus Entertainment Company Profile
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 special television networks and 15 conventional television stations.
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