Shaw Communications Receives Average Rating of “Hold” from Brokerages (NYSE:SJR)
Shaw Communications (NYSE:SJR) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.19.
Shaw Communications (NYSE:SJR) opened at 24.77 on Friday. Shaw Communications has a 52-week low of $21.77 and a 52-week 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 $11.324 billion and a P/E 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.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research note on Friday. Separately, 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 TD Securities downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. They now have a $29.00 price target on the stock.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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