Shaw Communications Inc. (SJR) Shares Gap Up to $20.15
Shares of Shaw Communications Inc. (NYSE:SJR) gapped up before the market opened 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 commented on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of Shaw Communications in a report on Sunday, April 17th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $25.00 target price on shares of Shaw Communications in a report on Tuesday, July 19th. Zacks Investment Research lowered shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of Shaw Communications in a report on Monday, July 18th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $29.00 target price (down previously from $30.00) on shares of Shaw Communications in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.88.
The company has a market cap of $9.81 billion and a price-to-earnings ratio of 9.68. The company’s 50 day moving average is $19.31 and its 200-day moving average is $18.46.
Shaw Communications (NYSE:SJR) last released its quarterly earnings results on Friday, July 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.24. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. Equities analysts predict that Shaw Communications Inc. will post $0.88 earnings per share for the current fiscal year.
The firm also recently declared a sep 16 dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.0988 per share.
Other institutional investors have added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in Shaw Communications during the fourth quarter valued at about $1,269,000. Gulf International Bank UK Ltd increased its position 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 during the last quarter. Dimensional Fund Advisors LP increased its position 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 during the last quarter. Finally, I.G. Investment Management LTD. increased its position 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 during 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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