Bank of America Reiterates “Neutral” Rating for Shaw Communications (SJR)
Shaw Communications (NYSE:SJR) (TSE:SJR.B)‘s stock had its “neutral” rating restated by equities researchers at Bank of America in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a $32.00 price objective on the stock. Bank of America’s price objective would indicate a potential upside of 39.68% from the company’s previous close.
Several other analysts have also recently weighed in on SJR. BidaskClub raised Shaw Communications from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, September 19th. Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Barclays lifted their price target on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.71.
Shaw Communications (NYSE SJR) traded down $0.01 during trading hours on Tuesday, reaching $22.91. The company had a trading volume of 357,900 shares, compared to its average volume of 498,760. The firm has a market cap of $10,920.37, a PE ratio of 26.97, a P/E/G ratio of 4.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. Shaw Communications has a 1-year low of $19.55 and a 1-year high of $23.31.
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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.
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