Corus Entertainment (CJR.B) Trading Down 4.7%

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 4.7% during trading on Tuesday . The company traded as low as C$8.06 and last traded at C$8.07. Approximately 406,423 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,120,000 shares. The stock had previously closed at C$8.47.

CJR.B has been the subject of a number of recent analyst reports. TD Securities dropped their price objective on Corus Entertainment from C$17.00 to C$16.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. BMO Capital Markets dropped their price objective on Corus Entertainment from C$13.50 to C$12.50 and set a “market perform” rating for the company in a research note on Thursday, October 19th. Royal Bank of Canada dropped their price objective on Corus Entertainment from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a research note on Thursday, October 19th. CIBC dropped their price objective on Corus Entertainment from C$13.50 to C$13.00 in a research note on Thursday, October 19th. Finally, National Bank Financial raised Corus Entertainment from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$12.50 to C$13.00 in a research note on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of C$10.25.

The stock has a market capitalization of $1,670.00, a P/E ratio of 8.43 and a beta of -0.02.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 28th will be paid a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 13.94%. The ex-dividend date is Tuesday, February 13th.

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Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

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