Shares of Shaw Communications Inc. (NYSE:SJR) gapped up prior to trading on Friday . The stock had previously closed at $20.14, but opened at $20.15. Shaw Communications shares last traded at $20.28, with a volume of 579,953 shares traded.

A number of analysts have recently weighed in on SJR shares. Barclays PLC started coverage on Shaw Communications in a research report on Tuesday, April 5th. They issued an “equal weight” rating and a $20.00 price objective for the company. Zacks Investment Research cut Shaw Communications from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $25.00 price objective on shares of Shaw Communications in a research report on Saturday, April 16th. Canaccord Genuity reissued a “hold” rating on shares of Shaw Communications in a research report on Sunday, April 17th. Finally, TD Securities reissued a “buy” rating and issued a $28.00 price objective on shares of Shaw Communications in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.88.

The company has a market capitalization of $9.81 billion and a price-to-earnings ratio of 9.68. The firm’s 50-day moving average price is $19.31 and its 200-day moving average price is $18.46.

Shaw Communications (NYSE:SJR) last released its quarterly earnings data on Friday, July 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.24. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $0.42 EPS. Shaw Communications’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect that Shaw Communications Inc. will post $0.87 earnings per share for the current fiscal year.

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

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

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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