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.
Shaw Communications Stock Performance
SJR.B traded up C$0.20 during trading hours on Friday, hitting C$35.29. 155,793 shares of the stock were exchanged, compared to its average volume of 1,899,453. The stock has a 50-day simple moving average of C$35.52 and a 200-day simple moving average of C$36.87. Shaw Communications has a 12 month low of C$33.42 and a 12 month high of C$39.49. The stock has a market cap of C$17.62 billion and a price-to-earnings ratio of 20.76. The company has a debt-to-equity ratio of 94.13, a current ratio of 0.95 and a quick ratio of 0.64.
Shaw Communications Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 30th will be paid a $0.0988 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, August 12th. Shaw Communications's payout ratio is 70.12%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. CIBC cut shares of Shaw Communications from an "outperform" rating to a "hold" rating in a research note on Friday, April 22nd. National Bankshares raised shares of Shaw Communications from a "sector perform" rating to an "outperform" rating and set a C$40.50 price target on the stock in a research note on Wednesday, May 18th. Scotiabank set a C$38.00 price objective on shares of Shaw Communications and gave the company a "sector perform" rating in a research note on Tuesday, June 28th. Finally, Canaccord Genuity Group raised shares of Shaw Communications to a "buy" rating and set a C$40.50 price objective on the stock in a research note on Tuesday, June 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$39.92.