Corus Entertainment (CJR.B) Given New C$9.50 Price Target at Desjardins

Corus Entertainment (TSE:CJR.B) had its price objective trimmed by Desjardins from C$11.50 to C$9.50 in a research report released on Friday morning.

Other research analysts also recently issued research reports about the stock. TD Securities reduced their price target on shares of Corus Entertainment from C$11.00 to C$9.00 and set a hold rating for the company in a research report on Friday. CIBC reduced their price target on shares of Corus Entertainment from C$13.00 to C$11.00 in a research report on Thursday, January 11th. Royal Bank of Canada reduced their price target on shares of Corus Entertainment from C$12.00 to C$10.00 and set a sector perform rating for the company in a research report on Thursday, January 11th. National Bank Financial downgraded shares of Corus Entertainment from an outperform rating to a sector perform rating and reduced their price target for the stock from C$13.00 to C$9.50 in a research report on Thursday, January 11th. Finally, Barclays reduced their price target on shares of Corus Entertainment from C$11.00 to C$8.00 in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$8.06.

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Shares of Corus Entertainment stock traded down C$0.16 during trading hours on Friday, reaching C$7.19. The stock had a trading volume of 276,976 shares, compared to its average volume of 642,951. Corus Entertainment has a twelve month low of C$6.93 and a twelve month high of C$14.10.

The business also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 30th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $1.14 annualized dividend and a dividend yield of 15.86%.

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About Corus Entertainment

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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