Shares of Corus Entertainment Inc. (OTCMKTS:CJREF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.25 and traded as low as $4.20. Corus Entertainment shares last traded at $4.20, with a volume of 31,080 shares trading hands.
A number of brokerages recently issued reports on CJREF. Royal Bank of Canada set a $7.00 price target on Corus Entertainment and gave the stock a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets set a $6.50 price objective on Corus Entertainment and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, ValuEngine raised Corus Entertainment from a “strong sell” rating to a “sell” rating in a report on Thursday.
The company has a market cap of $867.71 million, a P/E ratio of 6.95 and a beta of 0.61. The stock has a 50-day moving average of $4.10 and a 200 day moving average of $4.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, December 13th.
About Corus Entertainment (OTCMKTS:CJREF)
Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.
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