Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.
Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Echelon Wealth Partners reiterated a “buy” rating on shares of Shaw Communications in a research note on Wednesday, April 10th. Desjardins upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Finally, Royal Bank of Canada set a $30.00 target price on shares of Shaw Communications and gave the company a “buy” rating in a research note on Wednesday, April 10th.
Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new position in shares of Shaw Communications in the 3rd quarter valued at $464,000. Aviva PLC grew its holdings in Shaw Communications by 66.7% during the 4th quarter. Aviva PLC now owns 355,075 shares of the company’s stock worth $6,436,000 after acquiring an additional 142,009 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Shaw Communications by 259.6% during the 4th quarter. Quadrant Capital Group LLC now owns 5,628 shares of the company’s stock worth $97,000 after acquiring an additional 4,063 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Shaw Communications by 88.7% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 218,700 shares of the company’s stock worth $5,505,000 after acquiring an additional 102,800 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Shaw Communications by 5.8% during the 4th quarter. First Trust Advisors LP now owns 1,285,500 shares of the company’s stock worth $23,255,000 after acquiring an additional 69,998 shares during the last quarter. Hedge funds and other institutional investors own 51.99% of the company’s stock.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Tuesday, April 9th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Shaw Communications had a net margin of 8.42% and a return on equity of 12.42%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted ($0.33) earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Research analysts expect that Shaw Communications will post 1 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be paid a dividend of $0.074 per share. This represents a $0.89 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, June 13th. Shaw Communications’s payout ratio is currently 76.27%.
About Shaw Communications
Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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