Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) has been given a consensus rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $32.00.

Several analysts have recently issued reports on SJR shares. Canaccord Genuity raised Shaw Communications Inc Class B from a “hold” rating to a “buy” rating in a report on Friday, April 13th. Barclays raised Shaw Communications Inc Class B from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 12th. TheStreet cut Shaw Communications Inc Class B from a “b-” rating to a “c” rating in a report on Friday, May 18th. CIBC raised Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, June 6th. Finally, Zacks Investment Research raised Shaw Communications Inc Class B from a “sell” rating to a “hold” rating in a report on Thursday, April 12th.

A number of large investors have recently added to or reduced their stakes in SJR. Icon Wealth Partners LLC purchased a new stake in Shaw Communications Inc Class B during the 4th quarter valued at $118,000. Citadel Advisors LLC purchased a new stake in Shaw Communications Inc Class B during the 4th quarter valued at $217,000. First Republic Investment Management Inc. purchased a new stake in Shaw Communications Inc Class B during the 4th quarter valued at $284,000. Investors Research Corp purchased a new stake in Shaw Communications Inc Class B during the 4th quarter valued at $391,000. Finally, Quantitative Systematic Strategies LLC raised its holdings in Shaw Communications Inc Class B by 32.7% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 27,160 shares of the company’s stock valued at $523,000 after buying an additional 6,694 shares during the period. Institutional investors own 53.59% of the company’s stock.

Shares of SJR traded down $0.11 during mid-day trading on Thursday, hitting $21.12. 712,600 shares of the stock were exchanged, compared to its average volume of 678,106. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. Shaw Communications Inc Class B has a 52-week low of $18.50 and a 52-week high of $23.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.54.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, April 12th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.17. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. sell-side analysts expect that Shaw Communications Inc Class B will post 0.95 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 30th. Investors of record on Wednesday, August 15th will be issued a dividend of $0.0773 per share. The ex-dividend date of this dividend 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 presently 113.10%.

Shaw Communications Inc Class B Company Profile

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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