Brokerages Set Corus Entertainment Inc. (TSE:CJR.B) PT at C$8.36

Corus Entertainment Inc. (TSE:CJR.B) has received a consensus rating of “Strong Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$8.36.

A number of analysts have recently issued reports on the stock. National Bank Financial set a C$8.50 price objective on shares of Corus Entertainment and gave the company an “outperform” rating in a report on Monday, June 3rd. Cormark lowered their price objective on shares of Corus Entertainment from C$8.50 to C$8.25 in a report on Thursday, June 27th. Finally, BMO Capital Markets lowered their price objective on shares of Corus Entertainment from C$7.00 to C$6.50 in a report on Monday, September 9th.

Shares of TSE CJR.B traded up C$0.26 during midday trading on Friday, reaching C$5.57. The company’s stock had a trading volume of 1,682,113 shares, compared to its average volume of 642,951. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 103.12. Corus Entertainment has a fifty-two week low of C$4.05 and a fifty-two week high of C$8.11. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 7.10. The stock has a 50 day simple moving average of C$5.12 and a 200-day simple moving average of C$6.14.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.31%. Corus Entertainment’s dividend payout ratio (DPR) is presently 30.61%.

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 through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.

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Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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