Shaw Communications Inc (SJR) Receives Average Recommendation of “Hold” from Analysts

Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $27.33.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Bank of America restated a “neutral” rating and set a $32.00 price objective on shares of Shaw Communications in a report on Tuesday, December 5th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Canaccord Genuity set a $28.00 price objective on shares of Shaw Communications and gave the company a “hold” rating in a report on Thursday, January 11th.

Shares of Shaw Communications (SJR) traded up $0.25 during midday trading on Friday, reaching $20.62. 980,370 shares of the company were exchanged, compared to its average volume of 636,790. The firm has a market capitalization of $10,360.00, a PE ratio of 22.17, a P/E/G ratio of 4.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76. Shaw Communications has a 52-week low of $20.13 and a 52-week high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. analysts forecast that Shaw Communications will post 0.95 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a $0.0795 dividend. This represents a $0.95 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s dividend payout ratio (DPR) is presently 98.92%.

Several institutional investors have recently added to or reduced their stakes in SJR. Alliancebernstein L.P. boosted its holdings in shares of Shaw Communications by 31.8% in the second quarter. Alliancebernstein L.P. now owns 60,578 shares of the company’s stock valued at $1,320,000 after buying an additional 14,604 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Shaw Communications in the second quarter valued at approximately $252,000. Northern Trust Corp boosted its holdings in shares of Shaw Communications by 0.4% in the second quarter. Northern Trust Corp now owns 423,151 shares of the company’s stock valued at $9,221,000 after buying an additional 1,884 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Shaw Communications by 4.9% in the second quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after buying an additional 468,447 shares during the period. Finally, FMR LLC boosted its holdings in shares of Shaw Communications by 123.7% in the second quarter. FMR LLC now owns 1,064,237 shares of the company’s stock valued at $23,217,000 after buying an additional 588,581 shares during the period. Institutional investors own 52.54% of the company’s stock.

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Shaw Communications Company Profile

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.

Analyst Recommendations for Shaw Communications (NYSE:SJR)

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