Corus Entertainment (CJREF) Rating Increased to Buy at Canaccord Genuity

Canaccord Genuity upgraded shares of Corus Entertainment (OTCMKTS:CJREF) from a hold rating to a buy rating in a report released on Tuesday, October 16th, The Fly reports.

CJREF traded down $0.05 during midday trading on Tuesday, reaching $3.92. 35,439 shares of the company’s stock were exchanged, compared to its average volume of 53,045. The stock has a market cap of $903.32 million, a P/E ratio of 4.79 and a beta of 0.11. Corus Entertainment has a 1-year low of $2.75 and a 1-year high of $9.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.15.

Corus Entertainment (OTCMKTS:CJREF) last issued its quarterly earnings results on Friday, October 19th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Corus Entertainment had a negative net margin of 47.24% and a positive return on equity of 10.27%. The business had revenue of $289.47 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.046 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.18 dividend on an annualized basis and a yield of 4.69%.

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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