Corus Entertainment Inc. (OTCMKTS:CJREF) Receives $4.70 Average PT from Analysts

Corus Entertainment Inc. (OTCMKTS:CJREF) has been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.70.

Several brokerages have recently issued reports on CJREF. BMO Capital Markets lowered their price objective on shares of Corus Entertainment from $6.50 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, April 2nd. National Bank Financial upgraded shares of Corus Entertainment from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 3rd. Canaccord Genuity raised their price objective on shares of Corus Entertainment from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Friday, June 19th. Scotiabank raised their price objective on shares of Corus Entertainment from $4.00 to $5.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Finally, CIBC lowered their price objective on shares of Corus Entertainment from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd.

Shares of OTCMKTS:CJREF traded down $0.41 during trading on Friday, reaching $2.14. The stock had a trading volume of 129,481 shares, compared to its average volume of 22,620. Corus Entertainment has a 52 week low of $1.25 and a 52 week high of $4.82. The firm has a market capitalization of $528.79 million, a price-to-earnings ratio of 3.24 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $2.43 and a two-hundred day simple moving average of $2.98.

Corus Entertainment (OTCMKTS:CJREF) last released its quarterly earnings results on Friday, June 26th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Corus Entertainment had a net margin of 11.06% and a return on equity of 11.37%. The firm had revenue of $262.53 million during the quarter.

Corus Entertainment Company Profile

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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Analyst Recommendations for Corus Entertainment (OTCMKTS:CJREF)

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