Shaw Communications (SJR.B) Rating Increased to Action List Buy at TD Securities

TD Securities upgraded shares of Shaw Communications (TSE:SJR.B) (NYSE:SJR) from a buy rating to an action list buy rating in a report issued on Friday morning. TD Securities currently has C$34.00 target price on the stock.

Several other equities analysts have also recently weighed in on the stock. National Bank Financial lowered their price objective on shares of Shaw Communications from C$29.00 to C$28.00 and set a sector perform rating on the stock in a research note on Friday. Echelon Wealth Partners upgraded shares of Shaw Communications from a hold rating to a buy rating in a research note on Friday, October 27th. Royal Bank of Canada lowered their price objective on shares of Shaw Communications from C$31.00 to C$30.00 and set an outperform rating on the stock in a research note on Friday, October 27th. Finally, Scotiabank cut shares of Shaw Communications from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$32.00 to C$30.00 in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of C$29.11.

Shares of Shaw Communications (SJR.B) opened at C$27.15 on Friday. The stock has a market cap of $13,610.00, a PE ratio of 23.21 and a beta of 0.62. Shaw Communications has a 1-year low of C$26.48 and a 1-year high of C$30.44.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 30th will be paid a $0.0988 dividend. This represents a $1.19 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, January 12th.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2018/01/16/shaw-communications-sjr-b-rating-increased-to-action-list-buy-at-td-securities.html.

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)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply