Shaw Communications (SJR.B) Lifted to Outperform at Scotiabank

Marco Green
April 21, 2018

Total analysts of 4 have positions in Shaw Communications (TSE:SJR.B) as follows: 3 rated it a "Buy", 0 with "Sell" and 1 with "Hold". Analysts have anticipation on stock's EPS of $0.27. Analysts forecasts -32.50 % negative EPS growth this quarter.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, April 12th. The institutional investor held 60,461 shares of the technology company at the end of 2017Q4, valued at $2.93M, down from 70,047 at the end of the previous reported quarter. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.26 billion. The stock of Suncor Energy Inc. The company's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. (NYSE:SJR) has "Buy" rating given on Thursday, April 12 by Echelon Wealth Partners. On Friday, April 13 the stock of Shaw Communications Inc. Barclays upgraded Shaw Communications from an "equal weight" rating to an "overweight" rating in a research report on Thursday, April 12th. Finally, Scotiabank raised Shaw Communications from a "sector perform" rating to an "outperform" rating in a research note on Friday, April 13th. Citigroup initiated the stock with "Sell" rating in Thursday, April 6 report. The stock increased 0.14% or $0.03 during the last trading session, reaching $21.07. Macquarie Research upgraded the shares of SJR in report on Tuesday, October 20 to "Outperform" rating. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a market capitalization of $10,117.40, a price-to-earnings ratio of 19.51, a PEG ratio of 4.42 and a beta of 0.93. Shaw Communications has a one year low of $18.50 and a one year high of $23.44. Mackenzie Financial Corp boosted its stake in Shaw Communications by 1,002.5% during the fourth quarter. The Dimensional Fund Advisors Lp holds 2.22M shares with $46.91M value, down from 2.27M last quarter. It also increased its holding in Itauunibanadr P (NYSE:ITUB) by 5.18M shares in the quarter, for a total of 22.37M shares, and has risen its stake in Daktronics (NASDAQ:DAKT). Quantitative Systematic Strategies LLC purchased a new position in Shaw Communications in the fourth quarter valued at approximately $467,000.

The stake In Shaw Communications Inc (SJR) was reduced owned by Scotia Capital Inc. As per Tuesday, June 27, the company rating was maintained by RBC Capital Markets. Highstreet Asset Management Inc. now owns 856,522 shares of the company's stock valued at $19,549,000 after buying an additional 332,095 shares during the last quarter.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 30th. This represents a $0.93 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Wednesday, July 12th. Shaw Communications's dividend payout ratio is now 113.10%.

SJR has been the subject of several research reports. If you are viewing this article on another domain, it was stolen and reposted in violation of USA and worldwide trademark and copyright laws. Shaw Communications Inc has $10.19 billion MC. The firm operates through Consumer, Business Network Services, Business Infrastructure Services, and Wireless divisions.22.52 is the P/E ratio. The Consumer segment provides cable telecommunications services, including video, Internet, WiFi and phone, and satellite video services.

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