Shaw Communications (NYSE:SJR) (TSE:SJR.B)‘s stock had its “neutral” rating restated by equities research analysts at Bank of America in a research note issued to investors on Tuesday, December 5th, Marketbeat reports. They presently have a $32.00 price objective on the stock. Bank of America’s price target would suggest a potential upside of 40.17% from the company’s current price.
A number of other equities research analysts have also recently issued reports on SJR. BidaskClub upgraded Shaw Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, October 2nd. Barclays raised their target price on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Two research 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’s stock. The company has a consensus rating of “Hold” and an average target price of $27.40.
Shaw Communications (SJR) traded up $0.12 during mid-day trading on Tuesday, reaching $22.83. The company’s stock had a trading volume of 397,237 shares, compared to its average volume of 425,324. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72. The company has a market capitalization of $10,820.32, a PE ratio of 17.17, a price-to-earnings-growth ratio of 4.45 and a beta of 0.95. Shaw Communications has a 12 month low of $19.97 and a 12 month high of $23.44.
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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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