Corus Entertainment Inc. (OTCMKTS:CJREF – Get Rating) has received 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 objective among analysts that have issued ratings on the stock in the last year is $3.22.
Several analysts recently commented on CJREF shares. Canaccord Genuity Group reduced their price objective on shares of Corus Entertainment from C$2.75 to C$2.60 in a research note 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 note on Monday, October 24th. BMO Capital Markets dropped 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 cut 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 decreased their target price on shares of Corus Entertainment from C$5.00 to C$4.50 in a research note on Wednesday, December 21st.
Corus Entertainment fell 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 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 issued 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 gross margin of 14.95%. The company’s revenue for the quarter was $263.50 million.
Corus Entertainment cuts dividend
The company 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 for this dividend was Wednesday, December 14. This corresponds to a yield of 10.91%. Corus Entertainment’s payout ratio is currently -18.95%.
The Corus Entertainment company
Corus Entertainment Inc, a media and content company, operates specialty and traditional television networks and radio stations in Canada and internationally. It operates in two categories, television and radio. The TV segment operates 33 special TV channels and 15 traditional TV channels.
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