TD Securities Upgrades Shaw Communications (SJR.B) to Action List Buy
Shaw Communications (TSE:SJR.B) (NYSE:SJR) was upgraded by equities researchers at TD Securities from a “buy” rating to an “action list buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a C$34.00 price target on the stock. TD Securities’ price target indicates a potential upside of 24.95% from the company’s current price.
Several other research firms also recently commented on SJR.B. Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$32.00 to C$30.00 in a research report on Thursday, October 12th. Echelon Wealth Partners raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. National Bank Financial decreased their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research report on Friday, October 27th. Finally, Royal Bank of Canada decreased their target price on shares of Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$29.11.
Shares of Shaw Communications (SJR.B) opened at C$27.21 on Friday. The company has a market cap of $13,620.00, a PE ratio of 23.26 and a beta of 0.62. Shaw Communications has a 52-week low of C$26.48 and a 52-week high of C$30.44.
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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