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.
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.
