Shaw Communications (TSE:SJR.B) Stock Rating Upgraded by TD Securities

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 published on Friday, January 12th. The firm currently has C$34.00 price target on the stock.

Several other research analysts have also recently issued reports on SJR.B. National Bank Financial cut their price objective on Shaw Communications from C$29.00 to C$28.00 and set a sector perform rating for the company in a research report on Friday, January 12th. Echelon Wealth Partners upgraded Shaw Communications from a hold rating to a buy rating in a research report on Friday, October 27th. Royal Bank of Canada dropped their price target on Shaw Communications from C$31.00 to C$30.00 and set an outperform rating for the company in a research report on Friday, October 27th. Finally, Scotiabank cut Shaw Communications from an outperform rating to a sector perform rating and dropped their price target for the company from C$32.00 to C$30.00 in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$29.11.

Shares of Shaw Communications (TSE:SJR.B) opened at C$26.22 on Friday. Shaw Communications has a fifty-two week low of C$26.19 and a fifty-two week high of C$30.44. The firm has a market capitalization of $13,150.00, a P/E ratio of 22.41 and a beta of 0.53.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 27th will be given a dividend of $0.0988 per share. This represents a $1.19 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Wednesday, February 14th.

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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.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

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