Corus Entertainment (TSE:CJR.B) had its price target trimmed by BMO Capital Markets from C$9.00 to C$7.50 in a research note issued to investors on Friday.
Other equities analysts have also issued reports about the company. Desjardins lowered their target price on Corus Entertainment from C$11.50 to C$9.50 in a research report on Friday. Barclays lowered their target price on Corus Entertainment from C$11.00 to C$8.00 in a research report on Thursday, January 11th. CIBC lowered their price target on Corus Entertainment from C$13.00 to C$11.00 in a research report on Thursday, January 11th. TD Securities lowered Corus Entertainment from a buy rating to a hold rating and lowered their price target for the company from C$16.00 to C$11.00 in a research report on Thursday, January 11th. Finally, National Bank Financial lowered Corus Entertainment from an outperform rating to a sector perform rating and lowered their price target for the company from C$13.00 to C$9.50 in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of C$8.06.
Shares of TSE:CJR.B opened at C$7.19 on Friday. Corus Entertainment has a twelve month low of C$6.93 and a twelve month high of C$14.10.
The business also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 30th will be given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 15.86%. The ex-dividend date of this dividend is Friday, April 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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