Shaw Communications Inc Class B (SJR) Given Consensus Rating of “Buy” by Analysts

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Shares of Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) have earned a consensus rating of “Buy” from the ten research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.00.

SJR has been the topic of several analyst reports. Barclays upgraded shares of Shaw Communications Inc Class B from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 12th. Zacks Investment Research upgraded shares of Shaw Communications Inc Class B from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. Canaccord Genuity upgraded shares of Shaw Communications Inc Class B from a “hold” rating to a “buy” rating in a research note on Friday, April 13th. Scotiabank upgraded shares of Shaw Communications Inc Class B from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 13th. Finally, CIBC upgraded shares of Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 6th.

A number of hedge funds have recently added to or reduced their stakes in the business. Candriam Luxembourg S.C.A. boosted its stake in shares of Shaw Communications Inc Class B by 56.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 502,465 shares of the company’s stock valued at $11,506,000 after purchasing an additional 180,306 shares in the last quarter. AGF Investments Inc. boosted its stake in shares of Shaw Communications Inc Class B by 22.3% in the 4th quarter. AGF Investments Inc. now owns 1,168,933 shares of the company’s stock valued at $26,680,000 after purchasing an additional 212,814 shares in the last quarter. Forsta AP Fonden purchased a new stake in shares of Shaw Communications Inc Class B in the 4th quarter valued at $5,981,000. First Trust Advisors LP boosted its stake in shares of Shaw Communications Inc Class B by 10.1% in the 4th quarter. First Trust Advisors LP now owns 952,715 shares of the company’s stock valued at $21,750,000 after purchasing an additional 87,354 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of Shaw Communications Inc Class B by 17.1% in the 4th quarter. State of Wisconsin Investment Board now owns 366,037 shares of the company’s stock valued at $8,381,000 after purchasing an additional 53,553 shares in the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

NYSE SJR traded down $0.09 during mid-day trading on Thursday, reaching $20.85. 26,770 shares of the stock were exchanged, compared to its average volume of 506,824. Shaw Communications Inc Class B has a one year low of $18.50 and a one year high of $23.44. The company has a market capitalization of $10.12 billion, a PE ratio of 24.88, a P/E/G ratio of 4.41 and a beta of 0.93. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.72.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, April 12th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Shaw Communications Inc Class B had a net margin of 10.97% and a return on equity of 11.49%. Shaw Communications Inc Class B’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. equities analysts expect that Shaw Communications Inc Class B will post 0.95 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Wednesday, August 15th will be paid a $0.0773 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.93 dividend on an annualized basis and a yield of 4.45%. Shaw Communications Inc Class B’s dividend payout ratio is presently 108.33%.

About Shaw Communications Inc Class B

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

Analyst Recommendations for Shaw Communications Inc Class B (NYSE:SJR)

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