Shaw Communications Inc (SJR.B) Given Average Recommendation of “Hold” by Brokerages
Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$29.85.
Several analysts have recently commented on SJR.B shares. Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$32.00 to C$30.00 in a research note on Thursday, October 12th. National Bank Financial reduced their target price on Shaw Communications from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Friday, October 27th. Echelon Wealth Partners upgraded Shaw Communications from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Royal Bank Of Canada reduced their target price on Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, TD Securities raised their target price on Shaw Communications from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday.
Shares of Shaw Communications (SJR.B) traded up C$0.50 on Friday, hitting C$29.25. The stock had a trading volume of 1,120,000 shares, compared to its average volume of 1,020,000. Shaw Communications has a 12 month low of C$25.97 and a 12 month high of C$30.44.
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About Shaw Communications
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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