Shaw Communications Inc Class B (SJR) Receives Average Rating of “Buy” from Analysts

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) has earned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.33.

SJR has been the topic of several recent research reports. ValuEngine cut shares of Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. Zacks Investment Research cut shares of Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. BMO Capital Markets set a $28.00 price objective on shares of Shaw Communications Inc Class B and gave the company a “hold” rating in a research note on Monday, July 2nd. Finally, CIBC raised shares of Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 6th.

SJR traded up $0.23 during trading on Friday, hitting $19.46. The stock had a trading volume of 19,783 shares, compared to its average volume of 474,426. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.56 and a current ratio of 0.65. The stock has a market capitalization of $9.33 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.72 and a beta of 0.97. Shaw Communications Inc Class B has a twelve month low of $18.50 and a twelve month high of $23.44.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, June 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Shaw Communications Inc Class B had a net margin of 6.71% and a return on equity of 12.18%. Shaw Communications Inc Class B’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. sell-side analysts predict that Shaw Communications Inc Class B will post 0.86 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Monday, October 15th will be given a dividend of $0.0743 per share. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.89 annualized dividend and a dividend yield of 4.58%. Shaw Communications Inc Class B’s payout ratio is currently 108.33%.

Several hedge funds and other institutional investors have recently modified their holdings of SJR. State of Wisconsin Investment Board boosted its position in shares of Shaw Communications Inc Class B by 4.2% in the 1st quarter. State of Wisconsin Investment Board now owns 381,551 shares of the company’s stock worth $7,345,000 after buying an additional 15,514 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Shaw Communications Inc Class B by 3.4% in the 1st quarter. Neuberger Berman Group LLC now owns 531,121 shares of the company’s stock worth $10,231,000 after buying an additional 17,618 shares in the last quarter. AMF Pensionsforsakring AB boosted its position in shares of Shaw Communications Inc Class B by 0.8% in the 1st quarter. AMF Pensionsforsakring AB now owns 468,814 shares of the company’s stock worth $9,025,000 after buying an additional 3,644 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Shaw Communications Inc Class B by 5.4% in the 1st quarter. Franklin Resources Inc. now owns 314,956 shares of the company’s stock worth $6,060,000 after buying an additional 16,049 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Shaw Communications Inc Class B by 6.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,983,433 shares of the company’s stock worth $38,153,000 after buying an additional 116,091 shares in the last quarter. Institutional investors own 54.04% of the company’s stock.

About Shaw Communications Inc Class B

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

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Analyst Recommendations for Shaw Communications Inc Class B (NYSE:SJR)

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