Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.33.
SJR has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Bank of America restated a “neutral” rating and issued a $32.00 price objective on shares of Shaw Communications in a research note on Tuesday, December 5th. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a research note on Friday, January 12th. Finally, Canaccord Genuity set a $28.00 price objective on shares of Shaw Communications and gave the stock a “hold” rating in a research note on Thursday, January 11th.
Institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC bought a new position in Shaw Communications during the fourth quarter worth $118,000. Advisor Group Inc. increased its position in Shaw Communications by 72.0% during the third quarter. Advisor Group Inc. now owns 8,061 shares of the company’s stock worth $186,000 after acquiring an additional 3,374 shares during the period. Citadel Advisors LLC bought a new position in Shaw Communications during the fourth quarter worth $217,000. Ameriprise Financial Inc. bought a new position in Shaw Communications during the second quarter worth $252,000. Finally, Sigma Planning Corp bought a new position in Shaw Communications during the third quarter worth $258,000. Institutional investors and hedge funds own 62.03% of the company’s stock.
Shares of Shaw Communications (NYSE:SJR) opened at $19.40 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.76 and a quick ratio of 0.66. The stock has a market cap of $9,133.66, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96. Shaw Communications has a one year low of $19.05 and a one year high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. Shaw Communications’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. equities research analysts predict that Shaw Communications will post 0.94 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a $0.0795 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s payout ratio is 66.67%.
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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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