|Bid||5.34 x 0|
|Ask||5.35 x 0|
|Day's Range||5.31 - 5.43|
|52 Week Range||4.73 - 8.11|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||6.52|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The buzz in the stock market is strong that the Corus stock is heading for a breakout in 2020 following a spectacular turnaround. Hopes are high that this dividend-paying entertainment stock will return to the limelight.
There are a number of high-quality investments to consider if you are looking to get into the market today. You can buy value stocks, an income stock or a growth stock, such as Cargojet Inc (TSX:CJT).
BlackBerry Ltd. (TSX:BB)(NYSE:BB) and another stock that could reward you with quick gains once investors better recognize their true worth.
As you might know, Corus Entertainment Inc. (TSE:CJR.B) recently reported its quarterly numbers. It looks like the...
Corus Entertainment (TSX:CJR.B) offers investors a lot of value for their money, and it has the potential to generate significant returns this year.
Turnaround stocks that have been executing well and remain undervalued represent some of the top long-term opportunities investors can find, such as a stock like Corus Entertainment Inc (TSX:CJR.B).
TORONTO — Corus Entertainment Inc. is calling on the newly elected federal government to give the domestic media industry more freedom to invest where it wants in order to thrive in a world that's increasingly dominated by foreign multinationals.Chief executive Doug Murphy said Friday after Corus released its latest quarterly report, that there's an opportunity to create a more robust ecosystem in Canada to transform how television is sold to consumers and advertisers."Canadian media companies must be able to move faster, and to invest where we want to invest. Canadian broadcasting policies still don't allow us that flexibility," Murphy said in prepared statements on a conference call.He noted that a government-appointed advisory panel is scheduled to release recommendations this month as part of a years-long effort by the Trudeau Liberals to chart a new path for the long term.Whatever the panel recommends, however, it will be up to the minority government to decide how to balance conflicting priorities set out by various groups during more than a year of consultations."Now is the time for Ottawa to come to the table," Murphy told analysts on a conference call."It is important that we work together — government and industry — to build a new policy framework that works for all of us."Murphy said Corus has demonstrated it's on the right track and making progress towards creating a more diverse source of revenue, including content creation and television advertising sales."In this quarter coming, the next quarter and the quarter behind that, we will continue to advocate for policies, which enable a competitive Canadian media and content industry, but one that is driven by market forces," Murphy said.He said the five major agencies that direct 95 per cent of the money spent on national advertising in Canada would like to see a common definition of television audience segments, to counter the hyper-targeted advertising of digital media."We're working together on ad tech. We're working together on a variety of initiatives," Murphy said.But he said "industry can only do so much" and needs Ottawa to "get going" and "make change that is authoritative and impact and immediate."Corus net income for the three months ended Nov. 30 was $78.1 million, or 37 cents per share, up from $60.4 million or 28 cents per share last year.Adjusted net income was $80 million, or 38 cents per share, up from $70.1 million, or 33 cents per share a year earlier.Revenue was $467.88 million, up by about $407,000 from last year.Analysts had estimated 39 cents per share of adjusted income for Corus, with $462.5 million of revenue, according to financial markets data firm Refinitiv.RBC Dominion Securities analyst Drew McReynolds said in a research note to clients that revenue from the Corus Television advertising was up 0.9 per cent, beating his estimate of a 1.2 per cent decline.That was offset by a decline in revenue from specialty channel subscriptions and lower revenue from the Corus radio division, McReynolds wrote.The Toronto-based company owns the Global television network, specialty TV channels such as HGTV Canada, local radio stations and content production studios.This report by The Canadian Press was first published Jan. 10, 2020.Companies in this story: (TSX:CJR.B)David Paddon, The Canadian Press
Corus Entertainment Inc (TSX:CJR.B) and this other stock are significantly undervalued and could be great buys in 2020.
Generally speaking long term investing is the way to go. But no-one is immune from buying too high. For example the...
Investing in comeback stocks is not easy, but when you do your homework and find a high-potential company like Corus Entertainment Inc (TSX:CJR.B), the returns will be worth it.
Corus Entertainment Inc (TSX:CJR.B) appears the be a great way for Canadian retail investors to gain portfolio exposure to Amazon, Netflix and Disney.
Turnaround stocks offer investors some of the best opportunities to beat the market, and one of the top turnaround stocks to buy today is Corus Entertainment Inc (TSX:CJR.B).
Corus Entertainment Inc (TSX:CJR.B) and these two other cheap stocks could provide investors with some solid dividend income.
Corus Entertainment stock and Husky Energy stock has been beaten down in the last couple of years. Although the low prices and dividends are attractive, the businesses are waving red flags.
Why I think Baytex Energy (TSX:BTE)(NYSE:BTE), Corus Entertainment Inc. (TSX:CJR.B), and Cineplex Inc. (TSX:CGX) could be value traps for conservative long-term investors.
Corus Entertainment Inc (TSX:CJR.B) has had a rough few years. Now, though, as Corus is well on its way to recovery, its stock is extremely undervalued.