Corus Entertainment Inc. (CJR.B) Receives Average Rating of “Buy” from Analysts

Shares of Corus Entertainment Inc. (TSE:CJR.B) have received an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.09.

Several equities analysts have recently commented on CJR.B shares. TD Securities raised Corus Entertainment from a “hold” rating to a “buy” rating and set a C$6.50 target price for the company in a report on Tuesday, September 4th. National Bank Financial lowered their target price on Corus Entertainment from C$5.50 to C$4.75 and set a “sector perform” rating for the company in a report on Monday, September 24th. Finally, CIBC lowered their target price on Corus Entertainment from C$8.00 to C$7.00 in a report on Wednesday, October 3rd.

Shares of TSE CJR.B opened at C$4.90 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 declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, December 13th.

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

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