Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday, The Fly reports.

SJR has been the topic of a number of other research reports. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, September 19th. BidaskClub lowered Shaw Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, National Bank Financial lowered Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Shaw Communications has an average rating of “Hold” and an average price target of $27.14.

Shares of Shaw Communications (SJR) opened at 22.96 on Thursday. The company has a market cap of $11.33 billion, a PE ratio of 26.64 and a beta of 0.91. Shaw Communications has a 52-week low of $19.02 and a 52-week high of $23.31. The stock’s 50 day moving average is $22.69 and its 200 day moving average is $21.88.

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A number of hedge funds have recently made changes to their positions in the business. Todd Asset Management LLC lifted its holdings in Shaw Communications by 0.6% in the 2nd quarter. Todd Asset Management LLC now owns 53,165 shares of the company’s stock valued at $1,159,000 after purchasing an additional 295 shares in the last quarter. Comerica Bank lifted its holdings in Shaw Communications by 1.5% in the 1st quarter. Comerica Bank now owns 26,749 shares of the company’s stock valued at $570,000 after purchasing an additional 394 shares in the last quarter. Stonebridge Capital Management Inc. lifted its holdings in Shaw Communications by 1.5% in the 2nd quarter. Stonebridge Capital Management Inc. now owns 28,525 shares of the company’s stock valued at $622,000 after purchasing an additional 425 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in Shaw Communications by 4.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock valued at $225,000 after purchasing an additional 439 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Shaw Communications by 4.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,888 shares of the company’s stock valued at $281,000 after purchasing an additional 516 shares in the last quarter. Institutional investors own 51.83% of the company’s stock.

About Shaw Communications

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

The Fly

Analyst Recommendations for Shaw Communications (NYSE:SJR)

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