Shaw Communications Inc (SJR) Receives $27.33 Consensus PT from Analysts
Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $27.33.
SJR has been the subject of several recent research reports. Zacks Investment Research cut Shaw Communications from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. ValuEngine cut Shaw Communications from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. Finally, BMO Capital Markets set a $28.00 price target on Shaw Communications and gave the company a “hold” rating in a research report on Monday, July 2nd.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its position in Shaw Communications by 43.8% during the third quarter. Bank of Montreal Can now owns 10,265,279 shares of the company’s stock valued at $200,071,000 after purchasing an additional 3,129,137 shares during the last quarter. Northern Trust Corp boosted its position in Shaw Communications by 15.8% during the second quarter. Northern Trust Corp now owns 469,533 shares of the company’s stock valued at $9,555,000 after purchasing an additional 64,189 shares during the last quarter. Jane Street Group LLC acquired a new position in Shaw Communications during the second quarter valued at approximately $366,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Shaw Communications during the second quarter valued at approximately $3,104,000. Finally, Tower Research Capital LLC TRC acquired a new position in Shaw Communications during the second quarter valued at approximately $137,000. 53.94% of the stock is owned by hedge funds and other institutional investors.
Shaw Communications Company Profile
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
Further Reading: Should I follow buy, hold and sell recommendations?
Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.