Shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $27.33.
SJR has been the subject of several research analyst reports. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. TD Securities raised Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Bank of America reaffirmed a “neutral” rating and set a $32.00 target price on shares of Shaw Communications in a research report on Tuesday, December 5th.
Several hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in Shaw Communications by 1,002.5% in the 4th quarter. Mackenzie Financial Corp now owns 49,025,287 shares of the company’s stock worth $1,119,247,000 after purchasing an additional 44,578,411 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Shaw Communications by 3.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock valued at $227,473,000 after acquiring an additional 368,387 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Shaw Communications by 14.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,331,842 shares of the company’s stock valued at $213,680,000 after acquiring an additional 1,166,633 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Shaw Communications by 10.4% in the 4th quarter. CIBC Asset Management Inc now owns 7,953,685 shares of the company’s stock valued at $182,297,000 after acquiring an additional 748,756 shares in the last quarter. Finally, CIBC World Markets Inc. raised its holdings in shares of Shaw Communications by 0.3% in the 4th quarter. CIBC World Markets Inc. now owns 5,654,060 shares of the company’s stock valued at $129,082,000 after acquiring an additional 17,914 shares in the last quarter. Institutional investors own 62.82% of the company’s stock.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Thursday, January 11th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. research analysts anticipate that Shaw Communications will post 0.94 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.0795 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.95 annualized dividend and a dividend yield of 5.01%. Shaw Communications’s payout ratio is 100.00%.
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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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