Shaw Communications Inc (SJR.B) Downgraded by Scotiabank to Sector Perform
Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) was downgraded by stock analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Thursday. They presently have a C$30.00 price target on the stock, down from their prior price target of C$32.00.
Several other equities research analysts have also commented on SJR.B. National Bank Financial initiated coverage on Shaw Communications in a research report on Tuesday, June 27th. They set an “outperform” rating on the stock. CIBC upped their target price on Shaw Communications from C$29.00 to C$31.00 in a research report on Thursday, June 29th. Desjardins upped their target price on Shaw Communications from C$30.00 to C$30.50 and gave the company a “hold” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada restated an “outperform” rating and set a C$31.00 target price on shares of Shaw Communications in a research report on Tuesday, June 27th. Finally, Canaccord Genuity upped their target price on Shaw Communications from C$28.00 to C$30.00 in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$29.94.
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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.
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