Shaw Communications Receives Average Rating of “Hold” from Brokerages (NYSE:SJR)
Shares of Shaw Communications (NYSE:SJR) have received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, StockRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.95.
SJR has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Shaw Communications in a research note on Monday, July 28th. They now have a $27.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Shaw Communications from C$25.00 to C$26.00 in a research note on Monday, July 7th. Finally, analysts at National Bank Financial raised their price target on shares of Shaw Communications from C$24.50 to C$25.50 in a research note on Friday, June 27th. They now have an “underperform” rating on the stock.
Shaw Communications (NYSE:SJR) traded up 0.82% during mid-day trading on Monday, hitting $24.61. 9,216 shares of the company’s stock traded hands. Shaw Communications has a 52 week low of $21.77 and a 52 week high of $26.30. The stock’s 50-day moving average is $25.31 and its 200-day moving average is $24.19. The company has a market cap of $11.318 billion and a P/E ratio of 15.85.
Shaw Communications (NYSE:SJR) last posted its quarterly earnings results on Thursday, June 26th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Shaw Communications will post $1.77 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.0854 per share. This represents a $1.03 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Friday, October 10th.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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