Shaw Communications Given Consensus Recommendation of “Hold” by Analysts (NYSE:SJR)
Shares of Shaw Communications (NYSE:SJR) have been given a consensus rating of “Hold” by the twelve analysts that are currently covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $26.95.
Shaw Communications (NYSE:SJR) opened at 24.77 on Monday. Shaw Communications has a 1-year low of $21.77 and a 1-year high of $26.30. The stock’s 50-day moving average is $25.32 and its 200-day moving average is $24.25. The company has a market cap of $11.392 billion and a P/E ratio of 15.92.
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 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. On average, analysts predict that Shaw Communications will post $1.77 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 Inc (NYSE:SJR) is a diversified Canadian communications company.
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