Shaw Communications - SJR.B Stock Forecast, Price & News

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. The Wireless segment provides wireless voice and data communications services for customers. The company was formerly known as Shaw Cable systems Ltd. and changed its name to Shaw Communications Inc. in May 1993. Shaw Communications Inc. was founded in 1966 and is based in Calgary, Canada.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SJR.B shares. Canaccord Genuity Group raised shares of Shaw Communications to a "buy" rating and set a C$40.50 target price for the company in a research note on Tuesday, June 21st. National Bankshares raised shares of Shaw Communications from a "sector perform" rating to an "outperform" rating and set a C$40.50 price target for the company in a research note on Wednesday, May 18th. CIBC cut shares of Shaw Communications from an "outperform" rating to a "hold" rating in a research note on Friday, April 22nd. Finally, Scotiabank set a C$38.00 price target on shares of Shaw Communications and gave the company a "sector perform" rating in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$39.92.

Shaw Communications Stock Up 1.1 %

TSE:SJR.B traded up C$0.37 on Friday, reaching C$34.96. 689,067 shares of the stock traded hands, compared to its average volume of 1,901,036. The company has a market capitalization of C$17.46 billion and a price-to-earnings ratio of 20.47. The company has a current ratio of 0.95, a quick ratio of 0.64 and a debt-to-equity ratio of 94.13. Shaw Communications has a 12 month low of C$33.42 and a 12 month high of C$39.49. The company's fifty day simple moving average is C$35.55 and its 200 day simple moving average is C$36.94.

Shaw Communications Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Tuesday, August 30th will be paid a $0.0988 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.39%. Shaw Communications's dividend payout ratio is presently 70.12%.