Shaw Communications (NYSE:SJR) (TSE:SJR.B) was upgraded by equities researchers at TD Securities to a “buy” rating in a research note issued on Friday, The Fly reports.
A number of other brokerages have also commented on SJR. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, October 2nd. Barclays upped their price objective on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $32.00 price objective on shares of Shaw Communications in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.00.
Shaw Communications (NYSE SJR) traded up $0.29 during mid-day trading on Friday, hitting $21.78. The company had a trading volume of 1,034,574 shares, compared to its average volume of 534,434. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72. The firm has a market cap of $10,970.00, a price-to-earnings ratio of 23.17, a PEG ratio of 4.24 and a beta of 0.96. Shaw Communications has a 1-year low of $20.13 and a 1-year high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a return on equity of 10.19% and a net margin of 17.34%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. research analysts predict that Shaw Communications will post 1.02 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. grew 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 buying an additional 2,953 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Shaw Communications during the 3rd quarter valued at $258,000. Ameriprise Financial Inc. bought a new stake in shares of Shaw Communications during the 2nd quarter valued at $252,000. Cubist Systematic Strategies LLC bought a new stake in shares of Shaw Communications during the 2nd quarter valued at $326,000. Finally, Wolverine Trading LLC bought a new stake in shares of Shaw Communications during the 2nd quarter valued at $353,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
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.