Corus Entertainment (CJR.B) Rating Lowered to Sector Perform at National Bank Financial

National Bank Financial cut shares of Corus Entertainment (TSE:CJR.B) from an outperform rating to a sector perform rating in a report published on Thursday morning. National Bank Financial currently has C$9.50 price objective on the stock, down from their previous price objective of C$13.00.

Several other brokerages also recently issued reports on CJR.B. Royal Bank of Canada cut their price target on Corus Entertainment from C$12.00 to C$10.00 and set a sector perform rating for the company in a report on Thursday. Scotiabank downgraded Corus Entertainment from an outperform rating to a sector perform rating and cut their price target for the company from C$13.00 to C$8.50 in a report on Thursday. Barclays cut their price target on Corus Entertainment from C$11.00 to C$8.00 in a report on Thursday. CIBC cut their price target on Corus Entertainment from C$13.00 to C$11.00 in a report on Thursday. Finally, Desjardins downgraded Corus Entertainment from a buy rating to a hold rating and cut their price target for the company from C$15.00 to C$11.50 in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus target price of C$10.25.

Shares of Corus Entertainment (CJR.B) traded down C$0.08 during trading on Thursday, reaching C$9.00. The company’s stock had a trading volume of 2,080,000 shares, compared to its average volume of 625,829. Corus Entertainment has a fifty-two week low of C$8.73 and a fifty-two week high of C$14.10. The firm has a market cap of $1,830.00, a P/E ratio of 9.28 and a beta of 0.26.

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 12.67%. The ex-dividend date of this dividend is Friday, January 12th.

TRADEMARK VIOLATION WARNING: “Corus Entertainment (CJR.B) Rating Lowered to Sector Perform at National Bank Financial” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/12/corus-entertainment-cjr-b-rating-lowered-to-sector-perform-at-national-bank-financial.html.

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.

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

Receive News & Ratings for Corus Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corus Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit