Shaw Communications Inc. (SJR) Given Consensus Recommendation of “Hold” by Brokerages

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) has been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.00.

Several analysts have commented on SJR shares. Canaccord Genuity restated a “hold” rating and issued a $28.00 price target on shares of Shaw Communications in a report on Thursday, April 13th. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, June 15th. BidaskClub upgraded Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, National Bank Financial cut Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th.

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Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after buying an additional 2,953 shares in the last quarter. Cutler Group LP raised its position in Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after buying an additional 5,900 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Shaw Communications during the first quarter valued at $204,000. Wetherby Asset Management Inc. bought a new position in Shaw Communications during the first quarter valued at approximately $205,000. Finally, US Bancorp DE raised its position in Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after buying an additional 1,267 shares during the period. 53.24% of the stock is currently owned by institutional investors and hedge funds.

Shaw Communications (NYSE:SJR) traded up 1.78% on Monday, reaching $22.00. 671,674 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $22.03 and a 200-day moving average price of $21.41. Shaw Communications has a 1-year low of $19.02 and a 1-year high of $23.31. The company has a market capitalization of $10.85 billion, a PE ratio of 26.35 and a beta of 0.91.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.25 by $0.19. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities research analysts anticipate that Shaw Communications will post $1.06 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a $0.0744 dividend. This represents a $0.89 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, November 14th. Shaw Communications’s dividend payout ratio is currently 113.75%.

About Shaw Communications

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

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