Shaw Communications Inc. (NYSE:SJR) dropped 0.4% during mid-day trading on Friday . The stock traded as low as $18.79 and last traded at $18.82, with a volume of 389,789 shares. The stock had previously closed at $18.89.

SJR has been the topic of several analyst reports. Bank of America Corp. initiated coverage on shares of Shaw Communications in a research note on Tuesday. They set an “underperform” rating on the stock. Zacks Investment Research downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. TD Securities reaffirmed a “buy” rating and set a $28.00 price target on shares of Shaw Communications in a research note on Thursday, June 30th. Scotiabank reaffirmed an “outperform” rating and set a $30.00 price target (up previously from $29.00) on shares of Shaw Communications in a research note on Thursday. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Shaw Communications in a research note on Sunday, April 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Shaw Communications currently has an average rating of “Hold” and an average target price of $26.36.

The company’s 50-day moving average is $19.10 and its 200-day moving average is $18.18. The firm has a market capitalization of $8.94 billion and a price-to-earnings ratio of 13.86.

Shaw Communications (NYSE:SJR) last posted its earnings results on Thursday, April 14th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Shaw Communications Inc. will post $1.34 earnings per share for the current fiscal year.

The firm also recently announced a sep 16 dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given a $0.0988 dividend.

A number of hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Shaw Communications by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 483,396 shares of the company’s stock valued at $8,310,000 after buying an additional 8,201 shares in the last quarter. First Trust Advisors LP increased its stake in Shaw Communications by 34.6% in the fourth quarter. First Trust Advisors LP now owns 361,991 shares of the company’s stock valued at $6,223,000 after buying an additional 93,073 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Shaw Communications by 4.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 119,816 shares of the company’s stock valued at $2,062,000 after buying an additional 5,600 shares in the last quarter. I.G. Investment Management LTD. increased its stake in Shaw Communications by 13.1% in the fourth quarter. I.G. Investment Management LTD. now owns 29,209,513 shares of the company’s stock valued at $502,669,000 after buying an additional 3,389,336 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Shaw Communications during the fourth quarter valued at approximately $1,269,000.

Shaw Communications Inc (Shaw) is a communication company. The Company’s operating segments are Consumer, Business Network Services, Business Infrastructure Services and Media. The Consumer division provides cable telecommunications services, including video, Internet, wireless fidelity (WiFi) and digital phone, and satellite video to Canadian consumers.

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