Canaccord Genuity Upgrades Shaw Communications to “Hold” (SJR)
Shaw Communications (NYSE:SJR) was upgraded by equities research analysts at Canaccord Genuity from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on SJR. Analysts at TD Securities upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Shaw Communications in a research note on Friday, April 25th. They now have a $25.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.19.
Shares of Shaw Communications (NYSE:SJR) opened at 24.65 on Friday. Shaw Communications has a 1-year low of $21.77 and a 1-year high of $25.46. The stock’s 50-day moving average is $24.87 and its 200-day moving average is $23.7. The company has a market cap of $11.269 billion and a price-to-earnings ratio of 15.41.
Shaw Communications (NYSE:SJR) last issued its quarterly earnings data on Thursday, June 26th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Shaw Communications will post $1.73 EPS for the current fiscal year.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.