Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.33.

SJR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 19th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Barclays lifted their target price on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Bank of America restated a “neutral” rating and set a $32.00 target price on shares of Shaw Communications in a research note on Tuesday, December 5th.

Shaw Communications (SJR) traded up $0.21 on Monday, hitting $21.78. 1,034,500 shares of the company were exchanged, compared to its average volume of 725,933. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76. Shaw Communications has a 52 week low of $20.13 and a 52 week high of $23.44. The stock has a market cap of $10,950.00, a PE ratio of 23.17, a price-to-earnings-growth ratio of 4.59 and a beta of 0.96.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Thursday, October 26th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. equities research analysts anticipate that Shaw Communications will post 0.95 EPS for the current year.

The business also recently declared a jan 18 dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 15th will be paid a $0.0988 dividend. Shaw Communications’s payout ratio is currently 100.00%.

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its stake in Shaw Communications by 0.4% in the 2nd quarter. Northern Trust Corp now owns 423,151 shares of the company’s stock worth $9,221,000 after purchasing an additional 1,884 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Shaw Communications by 3.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 74,568 shares of the company’s stock worth $1,714,000 after purchasing an additional 2,591 shares in the last quarter. Voya Investment Management LLC lifted its stake in Shaw Communications by 10.2% in the 2nd quarter. Voya Investment Management LLC now owns 30,276 shares of the company’s stock worth $659,000 after purchasing an additional 2,794 shares in the last quarter. Advisor Group Inc. lifted its stake in Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after purchasing an additional 2,953 shares in the last quarter. Finally, AMP Capital Investors Ltd lifted its stake in Shaw Communications by 2.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 136,210 shares of the company’s stock worth $3,130,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company’s stock.

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Shaw Communications Company Profile

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.

Analyst Recommendations for Shaw Communications (NYSE:SJR)

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