Somewhat Positive Press Coverage Somewhat Likely to Affect Shaw Communications (NYSE:SJR) Stock Price
News coverage about Shaw Communications (NYSE:SJR) (TSE:SJR.B) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shaw Communications earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Shaw Communications, Inc. breached its 50 day moving average in a Bearish Manner : SJR-US : August 4, 2017 (finance.yahoo.com)
- 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)
Shares of Shaw Communications (NYSE SJR) traded down 0.55% during trading on Friday, reaching $21.79. The company had a trading volume of 390,549 shares. Shaw Communications has a 52-week low of $19.02 and a 52-week high of $23.31. The company has a 50 day moving average of $22.19 and a 200-day moving average of $21.37. The firm has a market capitalization of $10.75 billion, a P/E ratio of 26.22 and a beta of 0.91.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.19. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. Equities analysts expect 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. Stockholders of record on Wednesday, November 15th will be paid a $0.0744 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Tuesday, November 14th. Shaw Communications’s dividend payout ratio is 113.75%.
SJR has been the topic of a number of analyst reports. BidaskClub downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Canaccord Genuity set a $28.00 price objective on shares of Shaw Communications and gave the stock a “hold” rating in a report on Monday, May 1st. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, June 15th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.00.
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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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