Shaw Communications (TSE:SJR) Downgraded by Desjardins to “Hold”

Shaw Communications (TSE:SJRGet Rating) was downgraded by equities research analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, reports.

Separately, National Bank Financial lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 3rd.

Shaw Communications Stock Performance

Shaw Communications (TSE:SJRGet Rating) last released its quarterly earnings results on Tuesday, November 29th. The company reported C$0.34 EPS for the quarter, missing the consensus estimate of C$0.37 by C($0.03). The company had revenue of C$1.36 billion during the quarter, compared to the consensus estimate of C$1.37 billion.

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