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.
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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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