Shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) have received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.33.

Several brokerages have recently weighed in on SJR. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a research report on Friday, January 12th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. Finally, Bank of America reiterated a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a research report on Tuesday, December 5th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its position in Shaw Communications by 0.4% in the 2nd quarter. Northern Trust Corp now owns 423,151 shares of the company’s stock valued at $9,221,000 after purchasing an additional 1,884 shares during the last quarter. Commonwealth Bank of Australia raised its position in Shaw Communications by 3.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 74,568 shares of the company’s stock valued at $1,714,000 after purchasing an additional 2,591 shares during the last quarter. Voya Investment Management LLC raised its position in Shaw Communications by 10.2% in the 2nd quarter. Voya Investment Management LLC now owns 30,276 shares of the company’s stock valued at $659,000 after purchasing an additional 2,794 shares during the last quarter. Advisor Group Inc. raised its position in Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after purchasing an additional 2,953 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its position in Shaw Communications by 2.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 136,210 shares of the company’s stock valued at $3,130,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Shares of Shaw Communications (NYSE SJR) opened at $20.62 on Friday. The firm has a market cap of $9,824.52, a P/E ratio of 22.66, a PEG ratio of 4.34 and a beta of 0.88. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Shaw Communications has a 12-month low of $20.13 and a 12-month high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. research analysts expect that Shaw Communications will post 0.95 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be given a $0.0795 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.95 annualized dividend and a yield of 4.63%. Shaw Communications’s dividend payout ratio (DPR) is 66.67%.

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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 (NYSE:SJR)

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