Corus Entertainment (CJR.B) Given New C$9.00 Price Target at TD Securities

Corus Entertainment (TSE:CJR.B) had its price target lowered by TD Securities from C$11.00 to C$9.00 in a research report sent to investors on Friday morning. The firm currently has a hold rating on the stock.

Several other equities analysts have also recently commented on the company. Desjardins cut Corus Entertainment from a buy rating to a hold rating and reduced their target price for the company from C$15.00 to C$11.50 in a research note on Thursday, January 11th. National Bank Financial cut Corus Entertainment from a sector perform rating to an underperform rating and reduced their target price for the company from C$9.50 to C$5.50 in a research note on Wednesday, March 28th. Scotiabank cut Corus Entertainment from an outperform rating to a sector perform rating and reduced their target price for the company from C$13.00 to C$8.50 in a research note on Thursday, January 11th. Barclays reduced their target price on Corus Entertainment from C$11.00 to C$8.00 in a research note on Thursday, January 11th. Finally, Royal Bank of Canada reduced their target price on Corus Entertainment from C$12.00 to C$10.00 and set a sector perform rating for the company in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of C$8.00.

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Corus Entertainment stock opened at C$7.19 on Friday. Corus Entertainment has a 52 week low of C$6.93 and a 52 week high of C$14.10.

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 30th will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 15.86%. The ex-dividend date is Friday, April 13th.

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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.

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

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