Analysts Set Corus Entertainment Inc. (OTCMKTS:CJREF) PT at $2.74

Posted by on May 23rd, 2023

Corus Entertainment Inc. (OTCMKTS:CJREF – Get Rating) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $2.74.

CJREF has been the topic of a number of research reports. CIBC cut their price target on shares of Corus Entertainment from C$2.50 to C$2.25 in a research note on Friday, April 14th. TD Securities cut their price target on shares of Corus Entertainment from C$4.75 to C$4.50 in a research note on Tuesday, March 7th. Scotiabank cut their price target on shares of Corus Entertainment from C$2.75 to C$2.30 in a research note on Friday, April 14th. BMO Capital Markets cut their price target on shares of Corus Entertainment from C$2.50 to C$1.75 in a research note on Friday, April 14th. Finally, National Bank Financial cut their price target on shares of Corus Entertainment from C$2.50 to C$2.25 in a research note on Friday, April 14th.

Corus Entertainment Stock Down 5.5 %

Shares of OTCMKTS CJREF opened at $1.01 on Friday. The firm has a market capitalization of $201.63 million, a PE ratio of -0.86 and a beta of 1.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. Corus Entertainment has a 1 year low of $0.93 and a 1 year high of $3.61. The firm’s 50-day moving average is $1.11 and its 200-day moving average is $1.42.

Corus Entertainment (OTCMKTS:CJREF – Get Rating) last released its quarterly earnings data on Thursday, April 13th. The company reported ($0.06) earnings per share for the quarter. Corus Entertainment had a positive return on equity of 2.53% and a negative net margin of 21.17%. The firm had revenue of $254.83 million for the quarter.

Corus Entertainment Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were given a dividend of $0.0219 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a yield of 6.32%. Corus Entertainment’s dividend payout ratio (DPR) is -7.26%.

Corus Entertainment Company Profile

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Corus Entertainment, Inc is a media and entertainment holding company, which engages in the provision of radio broadcasting, specialty television, digital audio services, and cable advertising services. It operates through the following segments: Television and Radio. The Television segment comprises of specialty television networks, pay television services, conventional television stations, and the Corus content business.

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Analyst Recommendations for Corus Entertainment (OTCMKTS:CJREF)

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