Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$25.41 and last traded at C$25.44, with a volume of 357867 shares trading hands. The stock had previously closed at C$25.71.
Several analysts recently weighed in on SJR.B shares. Citigroup lowered their price objective on Shaw Communications from C$24.00 to C$23.00 in a report on Friday, June 28th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$29.00 target price on shares of Shaw Communications in a report on Tuesday, July 2nd. Finally, TD Securities lowered their target price on Shaw Communications from C$33.00 to C$32.00 and set an “action list buy” rating for the company in a report on Friday, June 28th.
The stock has a market cap of $10.48 billion and a PE ratio of 16.56. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 85.76. The business has a 50-day moving average of C$26.12.
In other Shaw Communications news, Senior Officer Peter Johnson sold 6,819 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of C$26.55, for a total value of C$181,044.45. Following the completion of the sale, the insider now directly owns 33,181 shares in the company, valued at C$880,955.55.
Shaw Communications Company Profile (TSE:SJR.B)
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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