Barclays Upgrades Shaw Communications (SJR.B) to “Overweight”

Barclays upgraded shares of Shaw Communications (TSE:SJR.B) (NYSE:SJR) from an equal weight rating to an overweight rating in a research report report published on Friday. They currently have C$32.00 price objective on the stock, up from their previous price objective of C$29.00.

Other equities analysts have also issued research reports about the stock. Desjardins boosted their target price on shares of Shaw Communications from C$30.00 to C$30.50 in a report on Friday. National Bank Financial dropped their target price on shares of Shaw Communications from C$29.00 to C$28.00 and set a sector perform rating on the stock in a report on Friday, January 12th. Scotiabank dropped their target price on shares of Shaw Communications from C$28.00 to C$27.00 and set a sector perform rating on the stock in a report on Monday, April 9th. BMO Capital Markets dropped their target price on shares of Shaw Communications from C$30.00 to C$27.50 and set a market perform rating on the stock in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of Shaw Communications from C$30.00 to C$29.00 and set an outperform rating on the stock in a report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$29.83.

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SJR.B stock opened at C$26.33 on Friday. Shaw Communications has a 12-month low of C$24.31 and a 12-month high of C$30.44.

The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 27th will be given a dividend of $0.0988 per share. This represents a $1.19 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, April 12th.

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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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