Shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $27.20.

A number of analysts have recently commented on SJR shares. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 19th. Barclays PLC boosted their price target on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. BidaskClub upgraded Shaw Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. lifted its stake in Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after buying an additional 2,953 shares in the last quarter. Cutler Group LP lifted its stake in Shaw Communications by 983.3% in the 2nd quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after buying an additional 5,900 shares in the last quarter. US Bancorp DE lifted its stake in Shaw Communications by 14.6% in the 2nd quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after buying an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake 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 buying an additional 439 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Shaw Communications in the 2nd quarter valued at approximately $252,000. 51.90% of the stock is currently owned by hedge funds and other institutional investors.

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The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.0781 per share. This represents a $0.94 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Wednesday, February 14th. Shaw Communications’s dividend payout ratio (DPR) is 71.43%.

Shaw Communications Company Profile

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.

Analyst Recommendations for Shaw Communications (NYSE:SJR)

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