Shaw Communications Inc. (NYSE:SJR) Given Consensus Rating of “Hold” by Brokerages

Shares of Shaw Communications Inc. (NYSE:SJR – Get Rating) (TSE:SJR.B) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

Several brokerages recently issued reports on SJR. Desjardins cut shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Friday, January 13th. National Bank Financial cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 4th. StockNews.com raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Friday, January 27th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Friday, January 13th. Finally, Royal Bank of Canada cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SJR. Cardinal Capital Management Inc. grew its position in shares of Shaw Communications by 9.1% in the fourth quarter. Cardinal Capital Management Inc. now owns 22,236 shares of the company’s stock valued at $641,000 after purchasing an additional 1,860 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Shaw Communications by 60.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,536 shares of the company’s stock valued at $4,420,000 after purchasing an additional 57,877 shares during the period. CWM LLC grew its position in shares of Shaw Communications by 68.4% in the fourth quarter. CWM LLC now owns 1,027 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $288,000. Finally, Trium Capital LLP acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $9,285,000. Hedge funds and other institutional investors own 55.44% of the company’s stock.

Shaw Communications Trading Down 0.6 %

NYSE SJR opened at $29.62 on Friday. The company has a fifty day simple moving average of $27.96 and a two-hundred day simple moving average of $26.74. The stock has a market cap of $14.14 billion, a P/E ratio of 25.98 and a beta of 0.54. Shaw Communications has a 12-month low of $23.64 and a 12-month high of $31.60. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.63.

Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) last posted its quarterly earnings results on Thursday, January 12th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Shaw Communications had a return on equity of 11.70% and a net margin of 13.57%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. On average, analysts forecast that Shaw Communications will post 1.1 earnings per share for the current year.

Shaw Communications Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 27th. Shareholders of record on Wednesday, February 15th will be issued a $0.073 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.96%. Shaw Communications’s payout ratio is 76.32%.

About Shaw Communications

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Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.