Corus Entertainment Inc. (OTCMKTS:CJREF – Get Rating) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,893,700 shares, a growth of 182.3% from the August 15th total of 670,800 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 286.9 days.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CJREF. Cormark downgraded shares of Corus Entertainment from a “buy” rating to a “market perform” rating in a research report on Monday. National Bank Financial downgraded shares of Corus Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Sunday. Royal Bank of Canada downgraded shares of Corus Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Monday. TD Securities downgraded shares of Corus Entertainment from an “action list buy” rating to a “buy” rating and reduced their price objective for the stock from $6.50 to $5.00 in a research report on Tuesday. Finally, CIBC downgraded shares of Corus Entertainment from an “outperform” rating to a “neutral” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.11.
Corus Entertainment Trading Down 5.6 %
Shares of CJREF stock traded down $0.12 during trading hours on Wednesday, hitting $2.04. 69,132 shares of the company were exchanged, compared to its average volume of 8,833. The firm has a market cap of $401.62 million, a P/E ratio of 4.00 and a beta of 1.49. Corus Entertainment has a fifty-two week low of $2.04 and a fifty-two week high of $4.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $3.26.
Corus Entertainment (OTCMKTS:CJREF – Get Rating) last issued its earnings results on Wednesday, June 29th. The company reported $0.11 earnings per share (EPS) for the quarter. Corus Entertainment had a return on equity of 11.31% and a net margin of 8.77%. The company had revenue of $341.07 million for the quarter.
Corus Entertainment Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a $0.0466 dividend. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, September 14th. Corus Entertainment’s dividend payout ratio is currently 35.19%.
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 in two segments, Television and Radio. The Television segment operates 33 specialty television networks and 15 conventional television stations.