Canaccord Genuity upgraded shares of Shaw Communications (TSE:SJR.B) (NYSE:SJR) from a hold rating to a buy rating in a report published on Friday. The brokerage currently has C$28.50 price target on the stock, up from their previous price target of C$28.00.

A number of other analysts have also recently commented on SJR.B. Desjardins upped their price objective on shares of Shaw Communications from C$30.00 to C$30.50 in a research report on Friday. CIBC lowered their price objective on shares of Shaw Communications from C$31.00 to C$28.00 in a research report on Friday, January 12th. TD Securities upgraded shares of Shaw Communications from a buy rating to an action list buy rating and set a C$34.00 price objective for the company in a research report on Friday, January 12th. BMO Capital Markets lowered their price objective on shares of Shaw Communications from C$30.00 to C$27.50 and set a market perform rating for the company in a research report on Friday. Finally, Royal Bank of Canada lowered their price objective on shares of Shaw Communications from C$30.00 to C$29.00 and set an outperform rating for the company in a research report on Friday, January 12th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$29.83.

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SJR.B stock opened at C$26.33 on Friday. Shaw Communications has a twelve month low of C$24.31 and a twelve month high of C$30.44.

The company also recently announced a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 27th will be issued a dividend of $0.0988 per share. This represents a $1.19 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Thursday, April 12th.

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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.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

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