Shaw Communications (NYSE:SJR) Lifted to “Hold” at StockNews.com

Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other research firms have also weighed in on SJR. Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Friday, January 13th. Desjardins downgraded Shaw Communications from a “buy” rating to a “hold” rating in a research 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. Finally, Royal Bank of Canada downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.50.

Shaw Communications Price Performance

Shares of NYSE:SJR opened at $28.53 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.63. Shaw Communications has a 1 year low of $23.64 and a 1 year high of $31.60. The business has a fifty day simple moving average of $29.07 and a 200 day simple moving average of $27.15. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 25.03 and a beta of 0.52.

Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) last posted its earnings results on Thursday, January 12th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Shaw Communications had a net margin of 13.57% and a return on equity of 11.70%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. As a group, sell-side analysts predict that Shaw Communications will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shaw Communications

A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in shares of Shaw Communications by 84.4% in the first quarter. Citigroup Inc. now owns 57,377 shares of the company’s stock valued at $1,782,000 after acquiring an additional 26,258 shares during the last quarter. BlackRock Inc. raised its stake in shares of Shaw Communications by 2.7% in the first quarter. BlackRock Inc. now owns 491,788 shares of the company’s stock valued at $15,265,000 after acquiring an additional 13,125 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Shaw Communications by 1.1% in the first quarter. Allianz Asset Management GmbH now owns 42,295 shares of the company’s stock valued at $1,314,000 after acquiring an additional 454 shares during the last quarter. West Family Investments Inc. raised its stake in shares of Shaw Communications by 9.5% in the first quarter. West Family Investments Inc. now owns 12,216 shares of the company’s stock valued at $379,000 after acquiring an additional 1,063 shares during the last quarter. Finally, USS Investment Management Ltd raised its stake in shares of Shaw Communications by 1.6% in the first quarter. USS Investment Management Ltd now owns 343,616 shares of the company’s stock valued at $10,674,000 after acquiring an additional 5,279 shares during the last quarter. 55.44% of the stock is owned by institutional investors and hedge funds.

About Shaw Communications

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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.