National Bank Financial Lowers Corus Entertainment (OTCMKTS:CJREF) to Underperform

National Bank Financial downgraded shares of Corus Entertainment (OTCMKTS:CJREF) from a sector perform rating to an underperform rating in a report released on Wednesday, FlyOnTheWall reports.

CJREF has been the topic of several other reports. TD Securities dropped their target price on Corus Entertainment from C$4.50 to C$3.75 in a report on Friday, June 30th. CIBC dropped their target price on Corus Entertainment from C$2.25 to C$2.00 in a report on Wednesday, June 21st. Scotiabank dropped their target price on Corus Entertainment from C$2.30 to C$1.90 and set a sector perform rating on the stock in a report on Friday, June 30th. Finally, BMO Capital Markets raised their target price on Corus Entertainment from C$1.75 to C$2.15 in a report on Friday, July 14th.

Corus Entertainment Trading Down 4.1 %

OTCMKTS:CJREF opened at $0.83 on Wednesday. The stock has a fifty day moving average price of $1.03 and a two-hundred day moving average price of $1.06. The stock has a market capitalization of $163.37 million, a price-to-earnings ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.65 and a current ratio of 0.65. Corus Entertainment has a 1 year low of $0.82 and a 1 year high of $2.00.

Corus Entertainment (OTCMKTS:CJREF) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $292.53 million during the quarter. Corus Entertainment had a positive return on equity of 1.72% and a negative net margin of 56.36%.

Corus Entertainment Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $0.0226 per share. The ex-dividend date was Friday, July 28th. This is an increase from Corus Entertainment’s previous dividend of $0.02. This represents a yield of 7.88%. Corus Entertainment’s payout ratio is currently -2.83%.

About Corus Entertainment

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.