Shares of Shaw Communications Inc. (NYSE:SJR) were down 1.9% during mid-day trading on Friday . The stock traded as low as $19.05 and last traded at $19.12, with a volume of 441,117 shares changing hands. The stock had previously closed at $19.49.

Several analysts have issued reports on SJR shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $25.00 price target on shares of Shaw Communications in a research note on Saturday, April 16th. Zacks Investment Research cut Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Barclays PLC started coverage on Shaw Communications in a report on Tuesday, April 5th. They issued an “equal weight” rating and a $20.00 price objective for the company. Bank of America Corp. started coverage on Shaw Communications in a report on Tuesday, July 5th. They issued an “underperform” rating for the company. Finally, Scotiabank restated an “outperform” rating and issued a $30.00 price objective (up previously from $29.00) on shares of Shaw Communications in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.57.

The firm has a market capitalization of $9.20 billion and a price-to-earnings ratio of 14.37. The company has a 50-day moving average price of $19.16 and a 200-day moving average price of $18.27.

Shaw Communications (NYSE:SJR) last announced its quarterly earnings data on Thursday, April 14th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, equities analysts forecast that Shaw Communications Inc. will post $1.31 EPS for the current fiscal year.

The business also recently disclosed a sep 16 dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.0988 per share.

Several institutional investors recently made changes to their positions in SJR. Trexquant Investment LP bought a new position in shares of Shaw Communications during the fourth quarter valued at $1,269,000. Gulf International Bank UK Ltd raised its position in shares of 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. First Trust Advisors LP raised its position in shares of 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. Dimensional Fund Advisors LP raised its position in shares of 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. Finally, I.G. Investment Management LTD. raised its position in shares of 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.

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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