Desjardins downgraded shares of Corus Entertainment (TSE:CJR.B) from a buy rating to a hold rating in a report issued on Thursday, January 11th. The firm currently has C$11.50 price objective on the stock, down from their previous price objective of C$15.00.
Other equities research analysts also recently issued research reports about the company. CIBC decreased their price target on Corus Entertainment from C$13.50 to C$13.00 in a report on Thursday, October 19th. TD Securities reduced 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 reduced 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. Scotiabank reduced their price objective on Corus Entertainment from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Sunday, October 22nd. Finally, National Bank Financial upgraded Corus Entertainment from a sector perform rating to an outperform rating and upped their price objective for the company from C$12.50 to C$13.00 in a research note on Thursday, October 19th. Seven equities research analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and an average target price of C$10.25.
Shares of Corus Entertainment (CJR.B) traded down C$0.18 during trading on Thursday, reaching C$8.28. The company had a trading volume of 531,630 shares, compared to its average volume of 1,050,000. Corus Entertainment has a 1-year low of C$7.96 and a 1-year high of C$14.10. The company has a market capitalization of $1,690.00, a P/E ratio of 8.54 and a beta of -0.02.
The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.095 per share. The ex-dividend date is Tuesday, February 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 13.77%.
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About Corus Entertainment
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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