Corus Entertainment Inc. (OTCMKTS:CJREF) Short interest update

Corus Entertainment Inc. (OTCMKTS:CJREF – Get Rating) was the target of a significant drop in short interest in the month of October. On October 15, there was short interest totaling 1,950,100 shares, down 11.6% from the September 30 total of 2,206,600 shares. Based on an average daily volume of 31,000 shares, the short interest ratio is currently 62.9 days.

Corus Entertainment stock performance

Shares of OTCMKTS:CJREF opened at $1.64 on Friday. The company’s 50-day moving average price is $2.07 and its 200-day moving average price is $2.76. The company has a leverage ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $323.26 million, a price-to-earnings ratio of -1.73 and a beta of 1.64. Corus Entertainment has a 52-week low of $1.43 and a 52-week high of $4.72.

Corus Entertainment cuts dividend

The company also recently announced a dividend, which was paid on Thursday, September 29th. A dividend of $0.0466 per share was paid to shareholders of record on Thursday, September 15. This corresponds to a dividend yield of 7.4%. The ex-dividend date of this dividend was Wednesday September 14th. Corus Entertainment’s payout ratio is currently -18.95%.

Analysts set new price targets

CJREF has been the subject of a number of research reports. Cormark downgraded Corus Entertainment from a “buy” rating to a “market perform” rating in a research report on Monday 12 September. National Bank Financial downgraded Corus Entertainment from an “Outperform” rating to a “Sector Perform” rating in a research report on Sunday 11 September. Scotiabank lowered its target price on Corus Entertainment from $4.00 to $3.40 in a research report on Monday, October 24. CIBC downgraded Corus Entertainment from an “above average” rating to a “neutral” rating in a research report on Monday 12 September. Finally, the Royal Bank of Canada lowered its price target on Corus Entertainment from C$4.00 to C$3.50 in a research report on Monday, October 24th. Four equities research analysts have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.52.

Company profile of Corus Entertainment

(received rating)

Corus Entertainment Inc, a media and content company, operates specialty and mainstream television and radio stations in Canada and internationally. It operates through two segments, television and radio. The Television segment operates 33 specialty television channels and 15 conventional television channels.

Further reading

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