Shaw Communications’s Sector Perform Rating Reaffirmed at RBC Capital (SJR)
Shaw Communications (NYSE:SJR)‘s stock had its “sector perform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Friday, AnalystRatings.NET reports.
SJR has been the subject of a number of other recent research reports. Analysts at Barclays initiated coverage on shares of Shaw Communications in a research note to investors on Wednesday, November 6th. They set an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Shaw Communications in a research note to investors on Tuesday, October 29th. They now have a $25.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Shaw Communications in a research note to investors on Friday, October 25th. They now have a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.63.
Shaw Communications (NYSE:SJR) traded up 0.43% during mid-day trading on Friday, hitting $23.57. 289,857 shares of the company’s stock traded hands. Shaw Communications has a one year low of $21.32 and a one year high of $25.46. The stock has a 50-day moving average of $23.58 and a 200-day moving average of $23.87. The company has a market cap of $10.673 billion and a P/E ratio of 14.13.
Shaw Communications (NYSE:SJR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.09. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Shaw Communications will post $1.66 EPS for the current fiscal year.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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