Shaw Communications Inc. (SJR) Given Consensus Rating of “Hold” by Analysts
Shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.75.
SJR has been the topic of a number of recent analyst reports. BidaskClub upgraded Shaw Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 19th. Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Barclays PLC lifted their price objective on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th.
Shares of Shaw Communications (SJR) traded up $0.09 during mid-day trading on Friday, hitting $22.31. The stock had a trading volume of 260,595 shares, compared to its average volume of 696,635. The company has a market cap of $10,582.77, a price-to-earnings ratio of 26.25, a P/E/G ratio of 4.25 and a beta of 0.97. Shaw Communications has a 12-month low of $19.41 and a 12-month high of $23.31. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.
The company also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a $0.0781 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, February 14th. Shaw Communications’s payout ratio is presently 69.17%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SJR. US Bancorp DE lifted its stake in shares of 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 purchasing an additional 1,267 shares during the period. APG Asset Management N.V. lifted its stake in shares of Shaw Communications by 16.2% in the 2nd quarter. APG Asset Management N.V. now owns 555,281 shares of the company’s stock valued at $15,709,000 after purchasing an additional 77,400 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Shaw Communications by 8.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,329,608 shares of the company’s stock valued at $28,950,000 after purchasing an additional 102,661 shares during the period. Shell Asset Management Co. lifted its stake in shares of Shaw Communications by 2.3% in the 2nd quarter. Shell Asset Management Co. now owns 74,062 shares of the company’s stock valued at $2,095,000 after purchasing an additional 1,700 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Shaw Communications by 4.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,888 shares of the company’s stock valued at $281,000 after purchasing an additional 516 shares during the period. Institutional investors own 50.86% of the company’s stock.
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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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