Corus Entertainment (TSE:CJR.B) had its price objective decreased by Scotiabank from C$17.00 to C$16.00 in a research report released on Tuesday morning, AnalystRatings.NET reports. Scotiabank currently has an underperform rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Barclays downgraded shares of Corus Entertainment from an equal weight rating to an underweight rating and lowered their price target for the stock from C$23.00 to C$19.00 in a research note on Tuesday, March 31st. Separately, analysts at TD Securities upgraded shares of Corus Entertainment from a hold rating to a buy rating and lowered their price target for the stock from C$24.00 to C$22.00 in a research note on Tuesday, March 24th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of C$20.93.

In other Corus Entertainment news, Director Barry Lee James acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average cost of C$17.74 per share, with a total value of C$44,350.00.

The company also recently announced a Monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.095 per share. This represents a dividend yield of 6.52%. The ex-dividend date was Thursday, June 11th.

Corus Entertainment Inc. is a communications and entertainment company. The Company operates through two operating segments: Television and Radio. The Television segment is comprised of specialty television networks, pay television services, three conventional television stations and the Corus content business, which consists of the production and distribution of films and television programs, merchandise licensing, publishing and animation software. The Company’s multimedia entertainment brands include YTV; Treehouse; Nickelodeon (TSE:CJR); W Network; OWN: Oprah Winfrey Network (Canada); W Movies; Sundance Channel (Canada); Movie Central (including HBO Canada and Encore Avenue); Nelvana; Kids Can Press; and Toon Boom. The Radio segment comprises 37 radio stations, situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario.

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