Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Equities researchers at National Bank Financial upped their FY2017 earnings estimates for shares of Shaw Communications in a report issued on Monday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $1.02 for the year, up from their previous estimate of $0.93. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Shaw Communications’ Q4 2017 earnings at $0.22 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.12 EPS.
A number of other equities research analysts have also weighed in on SJR. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub lowered Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Scotiabank lowered 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 two have given a buy rating to the company. Shaw Communications presently has an average rating of “Hold” and a consensus target price of $27.14.
Shares of Shaw Communications (NYSE SJR) traded down 0.64% during mid-day trading on Wednesday, hitting $21.84. The stock had a trading volume of 57,547 shares. The firm has a 50 day moving average price of $22.69 and a 200 day moving average price of $21.92. The firm has a market cap of $10.78 billion, a PE ratio of 25.34 and a beta of 0.91. Shaw Communications has a 52-week low of $19.02 and a 52-week high of $23.31.
A number of institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its position in Shaw Communications by 18.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock worth $574,000 after purchasing an additional 3,959 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Shaw Communications during the 2nd quarter worth $1,682,000. Susquehanna International Group LLP boosted its position in Shaw Communications by 116.1% during the 2nd quarter. Susquehanna International Group LLP now owns 60,300 shares of the company’s stock worth $1,314,000 after purchasing an additional 32,400 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Shaw Communications by 93.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock worth $97,336,000 after purchasing an additional 2,157,463 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Shaw Communications during the 2nd quarter worth $326,000. 51.77% of the stock is owned by hedge funds and other institutional investors.
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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