Shaw Communications Inc. (SJR) Stock Price Down 0.4%
Shaw Communications Inc. (NYSE:SJR)’s share price was down 0.4% during 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.
Several equities analysts have recently commented on SJR shares. Zacks Investment Research upgraded shares of Shaw Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 price objective on shares of Shaw Communications in a report on Saturday, April 16th. Barclays PLC started coverage on shares of Shaw Communications in a research note on Tuesday, April 5th. They set an “equal weight” rating and a $20.00 target price on the stock. Bank of America Corp. started coverage on shares of Shaw Communications in a research note on Tuesday, July 5th. They set an “underperform” rating on the stock. Finally, Scotiabank reaffirmed an “outperform” rating and set a $30.00 target price (up from $29.00) on shares of Shaw Communications in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.36.
The stock has a market cap of $8.94 billion and a P/E ratio of 13.97. The company’s 50 day moving average price is $19.10 and its 200 day moving average price is $18.20.
Shaw Communications (NYSE:SJR) last issued its quarterly earnings results on Thursday, April 14th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.37 billion. Shaw Communications’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, analysts anticipate that Shaw Communications Inc. will post $1.33 earnings per share for the current year.
The business also recently announced a sep 16 dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a $0.0988 dividend.
Other large investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted 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. I.G. Investment Management LTD. boosted 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. Trexquant Investment LP bought a new stake in Shaw Communications during the fourth quarter valued at about $1,269,000. Gulf International Bank UK Ltd boosted 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. Finally, First Trust Advisors LP boosted 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.
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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