Shaw Communications (SJR) Receives Daily Coverage Optimism Score of -0.06
News stories about Shaw Communications (NYSE:SJR) (TSE:SJR.B) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Shaw Communications earned a media sentiment score of -0.06 on Accern’s scale. Accern also gave media headlines about the company an impact score of 85 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- GI Partners Portfolio Company Peak 10 Completes $1.675 Billion Acquisition of ViaWest (finance.yahoo.com)
- Wave Goodbye to Data Caps: Shaw Introduces Unlimited Data with WideOpen Internet 150 (finance.yahoo.com)
- Shaw Communications, Inc. – Value Analysis (NYSE:SJR) : July 31, 2017 (finance.yahoo.com)
- Shaw Communications Inc. (NYSE:SJR) Experiences Light Trading Volume (highlightpress.com)
- Shaw Communications (SJR) Down 3.3% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
Several research firms have recently commented on SJR. BidaskClub downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, June 15th. Canaccord Genuity reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Shaw Communications in a report on Thursday, April 13th. National Bank Financial downgraded shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. Finally, Citigroup Inc. began coverage on shares of Shaw Communications in a report on Thursday, April 6th. They issued a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Shaw Communications presently has an average rating of “Hold” and a consensus target price of $27.00.
Shares of Shaw Communications (NYSE SJR) traded down 1.26% during mid-day trading on Thursday, reaching $21.91. 616,507 shares of the company were exchanged. The stock has a 50 day moving average price of $22.19 and a 200-day moving average price of $21.37. Shaw Communications has a 12 month low of $19.02 and a 12 month high of $23.31. The stock has a market capitalization of $10.32 billion, a P/E ratio of 27.88 and a beta of 0.91.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.25 by $0.19. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts predict that Shaw Communications will post $1.06 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a $0.0744 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.89 annualized dividend and a dividend yield of 4.08%. Shaw Communications’s dividend payout ratio is presently 113.75%.
About Shaw Communications
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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