Corus Entertainment (OTCMKTS:CJREF) Downgraded by Royal Bank of Canada to “Sector Perform”

Royal Bank of Canada cut shares of Corus Entertainment (OTCMKTS:CJREFGet Rating) from an outperform rating to a sector perform rating in a research report report published on Monday morning, The Fly reports.

CJREF has been the topic of a number of other reports. BMO Capital Markets decreased their price target on shares of Corus Entertainment from C$6.00 to C$5.00 in a research note on Thursday, June 30th. Canaccord Genuity Group decreased their price target on shares of Corus Entertainment from C$6.00 to C$5.25 in a research note on Thursday, June 30th. Finally, National Bank Financial lowered shares of Corus Entertainment from an outperform rating to a sector perform rating in a research note on Sunday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Corus Entertainment presently has a consensus rating of Hold and an average target price of $6.46.

Corus Entertainment Price Performance

OTCMKTS:CJREF opened at $2.23 on Monday. Corus Entertainment has a 52 week low of $2.22 and a 52 week high of $4.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $439.03 million, a PE ratio of 4.13 and a beta of 1.49. The stock’s 50-day moving average price is $2.85 and its 200-day moving average price is $3.27.

Corus Entertainment (OTCMKTS:CJREFGet Rating) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $341.07 million for the quarter. Corus Entertainment had a net margin of 8.77% and a return on equity of 11.31%.

Corus Entertainment Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.0466 per share. The ex-dividend date is Wednesday, September 14th. This represents a dividend yield of 7.4%. Corus Entertainment’s dividend payout ratio is currently 35.19%.

About Corus Entertainment

(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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Analyst Recommendations for Corus Entertainment (OTCMKTS:CJREF)

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