Corus Entertainment (TSE:CJR.B) Stock Price Crosses Above Two Hundred Day Moving Average of $6.12

Corus Entertainment Inc. (TSE:CJR.B) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.12 and traded as high as $5.40. Corus Entertainment shares last traded at $5.31, with a volume of 130,276 shares changing hands.

CJR.B has been the topic of several research reports. BMO Capital Markets cut their price target on Corus Entertainment from C$7.00 to C$6.50 in a research note on Monday, September 9th. Cormark cut their price target on Corus Entertainment from C$8.50 to C$8.25 in a research note on Thursday, June 27th. Finally, National Bank Financial set a C$8.50 price target on Corus Entertainment and gave the company an “outperform” rating in a research note on Monday, June 3rd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$8.36.

The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 103.12. The firm has a market capitalization of $1.11 billion and a P/E ratio of 6.77. The stock has a fifty day moving average of C$5.17 and a 200-day moving average of C$6.12.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.52%. Corus Entertainment’s payout ratio is presently 30.61%.

About Corus Entertainment (TSE:CJR.B)

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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