Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 2981164 shares trading hands. The stock had previously closed at C$22.58.

SJR.B has been the topic of several research analyst reports. Cormark lifted their price objective on Shaw Communications from C$27.00 to C$29.00 in a report on Monday, November 2nd. Barclays set a C$27.00 price target on shares of Shaw Communications and gave the stock an “equal weight” rating in a report on Friday, October 2nd. National Bank Financial boosted their price objective on shares of Shaw Communications from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. TD Securities raised their price target on Shaw Communications from C$31.00 to C$32.00 and gave the stock an “action list buy” rating in a research report on Monday, November 2nd. Finally, Scotiabank lowered their price objective on shares of Shaw Communications from C$29.50 to C$28.50 in a research note on Thursday, December 10th.

The stock has a 50-day moving average price of C$22.77 and a 200 day moving average price of C$23.50. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 96.55. The firm has a market capitalization of C$11.50 billion and a price-to-earnings ratio of 17.13.

The company also recently declared a monthly dividend, which will be paid on Thursday, January 28th. Shareholders of record on Thursday, January 28th will be issued a dividend of $0.0988 per share. This represents a $1.19 annualized dividend and a yield of 5.26%. The ex-dividend date is Thursday, January 14th. Shaw Communications’s dividend payout ratio (DPR) is presently 89.91%.

Shaw Communications Company Profile (TSE:SJR.B)

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

Further Reading: Derivative

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