Shaw Communications (TSE:SJR.B) Stock Rating Upgraded by Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Shaw Communications (TSE:SJR.BGet Rating) (NYSE:SJR) to a buy rating in a report published on Tuesday, TipRanks reports. They currently have C$40.50 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. National Bankshares raised shares of Shaw Communications from a sector perform rating to an outperform rating and set a C$40.50 target price for the company in a research note on Wednesday, May 18th. CIBC downgraded shares of Shaw Communications from an outperform rating to a hold rating in a research note on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$40.30.

Shares of TSE:SJR.B opened at C$37.70 on Tuesday. Shaw Communications has a 52 week low of C$33.42 and a 52 week high of C$39.49. The company has a debt-to-equity ratio of 96.28, a quick ratio of 0.56 and a current ratio of 0.87. The company has a market capitalization of C$18.81 billion and a PE ratio of 18.90. The company has a 50 day moving average price of C$36.42 and a two-hundred day moving average price of C$37.49.

The business also recently declared a monthly dividend, which was paid on Monday, May 30th. Stockholders of record on Monday, May 30th were issued a $0.0988 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, May 12th. Shaw Communications’s dividend payout ratio (DPR) is presently 59.73%.

Shaw Communications Company Profile (Get Rating)

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.

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