Shaw Communications (TSE:SJR.B) Reaches New 1-Year Low at $0.02


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Shares of Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 2981164 shares traded. The stock had previously closed at C$22.58.

Several analysts recently issued reports on SJR.B shares. Scotiabank reduced their price target on shares of Shaw Communications from C$29.50 to C$28.50 in a research report on Thursday, December 10th. TD Securities lifted their price objective on shares of Shaw Communications from C$31.00 to C$32.00 and gave the stock an “action list buy” rating in a report on Monday, November 2nd. Cormark upped their target price on Shaw Communications from C$27.00 to C$29.00 in a report on Monday, November 2nd. National Bank Financial raised their price target on shares of Shaw Communications from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Finally, Barclays set a C$27.00 price objective on Shaw Communications and gave the company an “equal weight” rating in a research note on Friday, October 2nd.

The business has a 50 day moving average of C$22.77 and a 200 day moving average of C$23.50. The company has a market cap of C$11.50 billion and a PE ratio of 17.13. The company has a debt-to-equity ratio of 96.55, a current ratio of 0.89 and a quick ratio of 0.69.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 28th. Investors of record on Thursday, January 28th will be paid a dividend of $0.0988 per share. This represents a $1.19 annualized dividend and a yield of 5.26%. The ex-dividend date is Thursday, January 14th. Shaw Communications’s payout ratio is currently 89.91%.

About Shaw Communications (TSE:SJR.B)

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

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