Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Stock analysts at Desjardins increased their FY2017 earnings estimates for Shaw Communications in a research report issued on Tuesday. Desjardins analyst M. Yaghi now forecasts that the company will post earnings per share of $0.98 for the year, up from their previous forecast of $0.93.

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Several other brokerages also recently weighed in on SJR. BidaskClub downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, September 19th. Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Finally, National Bank Financial downgraded shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.14.

Shares of Shaw Communications (NYSE SJR) opened at 22.11 on Wednesday. The stock has a market capitalization of $10.91 billion, a P/E ratio of 25.65 and a beta of 0.91. Shaw Communications has a one year low of $19.02 and a one year high of $23.31. The company’s 50-day moving average is $22.71 and its 200-day moving average is $21.90.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in Shaw Communications by 170.3% during the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after purchasing an additional 2,953 shares in the last quarter. Cutler Group LP increased its position in Shaw Communications by 983.3% during the 2nd quarter. Cutler Group LP now owns 6,500 shares of the company’s stock worth $141,000 after purchasing an additional 5,900 shares in the last quarter. US Bancorp DE increased its position in Shaw Communications by 14.6% during the 2nd quarter. US Bancorp DE now owns 9,921 shares of the company’s stock worth $217,000 after purchasing an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Shaw Communications by 4.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock worth $225,000 after purchasing an additional 439 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in Shaw Communications during the 2nd quarter worth approximately $252,000. 51.77% of the stock is owned by 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.

Earnings History and Estimates for Shaw Communications (NYSE:SJR)

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