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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. raised its holdings 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 acquiring an additional 2,953 shares in the last quarter. US Bancorp DE raised its holdings 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 acquiring an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. raised 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 acquiring an additional 439 shares in the last quarter. Sigma Planning Corp acquired a new position in Shaw Communications in the 3rd quarter valued at $258,000. Finally, Ameriprise Financial Inc. acquired a new position in Shaw Communications in the 2nd quarter valued at $252,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/05/shaw-communications-sjr-now-covered-by-analysts-at-bank-of-america.html.

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)

Receive News & Ratings for Shaw Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.