Somewhat Positive Media Coverage Somewhat Unlikely to Affect Shaw Communications (SJR) Stock Price
News coverage about Shaw Communications (NYSE:SJR) (TSE:SJR.B) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shaw Communications earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.6805359425455 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of analysts recently commented on SJR shares. BidaskClub upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. National Bank Financial cut shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.14.
Shares of Shaw Communications (NYSE:SJR) opened at 23.12 on Thursday. The stock has a market capitalization of $11.41 billion, a PE ratio of 26.82 and a beta of 0.91. Shaw Communications has a 1-year low of $19.02 and a 1-year high of $23.31. The firm has a 50-day moving average of $22.56 and a 200 day moving average of $21.79.
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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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