Shaw Communications (NYSE:SJR) Earns Sell Rating from Analysts at StockNews.com

Posted by on Apr 12th, 2023

Stock analysts at StockNews.com started coverage on shares of Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) in a report issued on Wednesday. The brokerage set a “sell” rating on the stock.

SJR has been the subject of a number of other research reports. Desjardins lowered shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Friday, January 13th. National Bank Financial downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 4th. Royal Bank of Canada lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 3rd. Finally, Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.50.

Shaw Communications Price Performance

Shaw Communications stock opened at $30.18 on Wednesday. The business’s fifty day moving average is $29.15 and its two-hundred day moving average is $27.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.68. Shaw Communications has a 52 week low of $23.64 and a 52 week high of $31.60. The firm has a market cap of $14.42 billion, a P/E ratio of 26.47 and a beta of 0.52.

Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, January 12th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Shaw Communications had a return on equity of 11.70% and a net margin of 13.57%. Equities research analysts forecast that Shaw Communications will post 1.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shaw Communications

A number of institutional investors have recently made changes to their positions in the stock. Diametric Capital LP acquired a new position in Shaw Communications in the fourth quarter valued at about $1,153,000. Natixis increased its stake in shares of Shaw Communications by 201.3% in the 4th quarter. Natixis now owns 532,002 shares of the company’s stock valued at $15,311,000 after acquiring an additional 355,404 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Shaw Communications by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,382,705 shares of the company’s stock valued at $39,794,000 after acquiring an additional 14,321 shares during the period. Nekton Capital Ltd. boosted its stake in Shaw Communications by 0.7% during the 4th quarter. Nekton Capital Ltd. now owns 754,894 shares of the company’s stock worth $21,727,000 after acquiring an additional 5,145 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in Shaw Communications during the fourth quarter valued at approximately $363,000. 55.44% of the stock is owned by institutional investors and hedge funds.

Shaw Communications Company Profile

(Get Rating)

Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

Read More

Analyst Recommendations for Shaw Communications (NYSE:SJR)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.