Shaw Communications (SJR) Rating Increased to Buy at TD Securities

Shaw Communications (NYSE:SJR) (TSE:SJR.B) was upgraded by stock analysts at TD Securities to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the company a “hold” rating in a research report on Thursday. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Shaw Communications currently has an average rating of “Hold” and an average price target of $27.00.

Shaw Communications (NYSE SJR) opened at $21.57 on Friday. Shaw Communications has a 1 year low of $20.13 and a 1 year high of $23.44. The firm has a market cap of $10,810.00, a PE ratio of 24.24, a P/E/G ratio of 4.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72.

Several institutional investors have recently bought and sold shares of SJR. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Shaw Communications by 107.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock worth $188,295,000 after buying an additional 4,235,803 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Shaw Communications by 93.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock worth $97,336,000 after buying an additional 2,157,463 shares in the last quarter. FMR LLC lifted its position in shares of Shaw Communications by 123.7% during the 2nd quarter. FMR LLC now owns 1,064,237 shares of the company’s stock worth $23,217,000 after buying an additional 588,581 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Shaw Communications by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock worth $219,621,000 after buying an additional 468,447 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Shaw Communications by 11.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,893,536 shares of the company’s stock worth $89,429,000 after buying an additional 393,291 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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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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