Corus Entertainment (OTCMKTS:CJREF) Downgraded to Sector Perform at National Bank Financial

Corus Entertainment (OTCMKTS:CJREF – Get Rating) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Sunday, The Fly reports.

CJREF has been the subject of several other reports. Canaccord Genuity Group reduced their price objective on Corus Entertainment from C$6.00 to C$5.25 in a research note on Thursday, June 30th. Royal Bank of Canada reduced their price objective on Corus Entertainment from C$8.00 to C$7.00 in a research note on Wednesday, June 29th. Finally, BMO Capital Markets reduced their price objective on Corus Entertainment from C$6.00 to C$5.00 in a research note on Thursday, June 30th.

Corus Entertainment Price Performance

CJREF stock traded down $0.09 during trading hours on Friday, hitting $2.43. 59,817 shares of the stock traded hands, compared to its average volume of 2,954. The stock has a 50-day simple moving average of $2.86 and a 200 day simple moving average of $3.28. Corus Entertainment has a one year low of $2.40 and a one year high of $4.94. The company has a market cap of $479.26 million, a P/E ratio of 4.51 and a beta of 1.49. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99.

Corus Entertainment (OTCMKTS:CJREF – Get Rating) last released its quarterly earnings results on Wednesday, June 29th. The company reported $0.11 earnings per share for the quarter. Corus Entertainment had a return on equity of 11.31% and a net margin of 8.77%. The business had revenue of $341.07 million during the quarter.

About Corus Entertainment

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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.