Shaw Communications Inc Class B (NYSE:SJR) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) from a sell rating to a hold rating in a research note issued to investors on Friday, July 6th.

Several other analysts also recently issued reports on SJR. Canaccord Genuity set a $28.00 target price on Shaw Communications Inc Class B and gave the company a hold rating in a research note on Tuesday, April 10th. Barclays upgraded Shaw Communications Inc Class B from an equal weight rating to an overweight rating in a report on Thursday, April 12th. Zacks Investment Research upgraded Shaw Communications Inc Class B from a sell rating to a hold rating in a report on Thursday, April 12th. Scotiabank upgraded Shaw Communications Inc Class B from a sector perform rating to an outperform rating in a report on Friday, April 13th. Finally, TheStreet cut Shaw Communications Inc Class B from a b- rating to a c rating in a report on Friday, May 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $27.20.

Shares of NYSE SJR traded up $0.24 during trading on Friday, hitting $20.33. The company had a trading volume of 353,589 shares, compared to its average volume of 395,104. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 0.74. Shaw Communications Inc Class B has a 12 month low of $18.50 and a 12 month high of $23.44. The company has a market capitalization of $9.79 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 4.76 and a beta of 0.98.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, June 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Shaw Communications Inc Class B had a return on equity of 12.18% and a net margin of 6.71%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. research analysts anticipate 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. Stockholders of record on Monday, October 15th will be issued a $0.0743 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, October 12th. Shaw Communications Inc Class B’s dividend payout ratio (DPR) is 107.14%.

Several institutional investors have recently made changes to their positions in the company. Mawer Investment Management Ltd. boosted its holdings in shares of Shaw Communications Inc Class B by 4.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 10,048,276 shares of the company’s stock worth $193,420,000 after purchasing an additional 425,693 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Shaw Communications Inc Class B by 1.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,436,790 shares of the company’s stock valued at $181,672,000 after acquiring an additional 104,948 shares during the period. Bank of Montreal Can purchased a new position in Shaw Communications Inc Class B during the 2nd quarter valued at $145,221,000. Burgundy Asset Management Ltd. purchased a new position in Shaw Communications Inc Class B during the 1st quarter valued at $98,720,000. Finally, Unigestion Holding SA purchased a new position in Shaw Communications Inc Class B during the 2nd quarter valued at $68,507,000. Hedge funds and other institutional investors own 53.21% 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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