Corus Entertainment (OTCMKTS:CJREF) Share Price Crosses Below 200-Day Moving Average of $3.50

Corus Entertainment Inc. (OTCMKTS:CJREFGet Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.50 and traded as low as $2.75. Corus Entertainment shares last traded at $2.96, with a volume of 497 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CJREF shares. National Bank Financial dropped their price objective on Corus Entertainment from C$6.25 to C$5.00 in a report on Thursday, June 30th. BMO Capital Markets lowered their price target on Corus Entertainment from C$6.00 to C$5.00 in a report on Thursday, June 30th. Royal Bank of Canada lowered their price target on Corus Entertainment from C$8.00 to C$7.00 in a report on Wednesday, June 29th. Canaccord Genuity Group lowered their price target on Corus Entertainment from C$6.00 to C$5.25 in a report on Thursday, June 30th. Finally, TD Securities lowered their price target on Corus Entertainment from C$10.00 to C$7.50 in a report on Monday, April 11th.

Corus Entertainment Price Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $587.18 million, a P/E ratio of 5.48 and a beta of 1.51. The firm has a 50-day moving average price of $3.04 and a 200 day moving average price of $3.50.

Corus Entertainment Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.0477 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a dividend yield of 5.59%. Corus Entertainment’s dividend payout ratio (DPR) is presently 35.19%.

Corus Entertainment Company Profile

(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.

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