Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Research analysts at Desjardins boosted their FY2017 earnings estimates for Shaw Communications in a research note issued to investors on Tuesday. Desjardins analyst M. Yaghi now forecasts that the company will earn $0.98 per share for the year, up from their previous forecast of $0.93.
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SJR has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. National Bank Financial downgraded shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. BidaskClub upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.14.
Shares of Shaw Communications (NYSE:SJR) traded down 0.64% during mid-day trading on Wednesday, reaching $21.84. 57,547 shares of the company were exchanged. Shaw Communications has a 12 month low of $19.02 and a 12 month high of $23.31. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 25.34 and a beta of 0.91. The firm’s 50-day moving average is $22.69 and its 200-day moving average is $21.92.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. grew its position in Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after purchasing an additional 2,953 shares during the last quarter. Cutler Group LP grew its position in Shaw Communications by 983.3% in the 2nd quarter. Cutler Group LP now owns 6,500 shares of the company’s stock worth $141,000 after purchasing an additional 5,900 shares during the last quarter. US Bancorp DE grew its position in Shaw Communications by 14.6% in the 2nd quarter. US Bancorp DE now owns 9,921 shares of the company’s stock worth $217,000 after purchasing an additional 1,267 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Shaw Communications by 4.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock worth $225,000 after purchasing an additional 439 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in Shaw Communications in the 2nd quarter worth $252,000. Institutional investors own 51.77% of the company’s stock.
Shaw Communications Company Profile
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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