Shaw Communications Inc Class B (SJR) Receives Consensus Recommendation of “Buy” from Brokerages

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

A number of brokerages recently issued reports on SJR. CIBC upgraded Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 6th. TheStreet downgraded Shaw Communications Inc Class B from a “b-” rating to a “c” rating in a research note on Friday, May 18th. Scotiabank upgraded Shaw Communications Inc Class B from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 13th. Canaccord Genuity set a $28.00 price objective on Shaw Communications Inc Class B and gave the company a “hold” rating in a research note on Tuesday, April 10th. Finally, Zacks Investment Research upgraded Shaw Communications Inc Class B from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th.

A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in Shaw Communications Inc Class B 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. boosted its stake in Shaw Communications Inc Class B by 4.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 10,048,276 shares of the company’s stock worth $193,420,000 after purchasing an additional 425,693 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Shaw Communications Inc Class B by 1.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,436,790 shares of the company’s stock worth $181,672,000 after purchasing an additional 104,948 shares during the period. Burgundy Asset Management Ltd. bought a new position in Shaw Communications Inc Class B in the 1st quarter worth approximately $98,720,000. Finally, Lincluden Management Ltd. boosted its stake in Shaw Communications Inc Class B by 10.3% in the 1st quarter. Lincluden Management Ltd. now owns 2,437,531 shares of the company’s stock worth $46,927,000 after purchasing an additional 227,855 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Shares of Shaw Communications Inc Class B traded down $0.11, reaching $21.12, during trading hours on Thursday, Marketbeat Ratings reports. 712,600 shares of the stock traded hands, compared to its average volume of 678,106. The company has a market cap of $10.04 billion, a P/E ratio of 25.14, a P/E/G ratio of 4.38 and a beta of 0.93. 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 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 quarterly earnings data on Thursday, April 12th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.17. The company 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 return on equity of 11.49% and a net margin of 10.97%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. research analysts anticipate that Shaw Communications Inc Class B will post 0.95 EPS for the current fiscal year.

The firm 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 is Tuesday, August 14th. This represents a $0.93 annualized dividend and a yield of 4.39%. Shaw Communications Inc Class B’s payout ratio is 113.10%.

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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