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Principale » National Bank Financial Initiates Coverage on Shaw Communications Inc (SJR.B)

National Bank Financial Initiates Coverage on Shaw Communications Inc (SJR.B)

11 Juillet 2017

Shares of Shaw Communications (SJR) opened at 21.69 on Friday. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.32 billion. Shaw Communications's revenue for the quarter was up 2.8% on a year-over-year basis. The company's stock had a trading volume of 293,300 shares. Shaw Communications has a 1-year low of $18.67 and a 1-year high of $23.00. The stock has a 50-day moving average of $21.80 and a 200 day moving average of $21.14. Investors of record on Friday, July 14th will be paid a dividend of $0.0736 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, July 12th. Shaw Communications's dividend payout ratio is now 110.00%. A number of analysts have weighed in on the stock. Shaw Communications presently has a consensus rating of "Hold" and a consensus price target of $27.00. BMO Capital Markets reissued a "market perform" rating and set a C$30.00 price objective on shares of Shaw Communications in a research report on Thursday, April 13th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $28.00 price target on shares of Shaw Communications in a research report on Thursday, April 13th. Citigroup Inc. started coverage on shares of Shaw Communications in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Shaw Communications presently has an average rating of "Hold" and an average price target of C$29.75. After posting $0.23 EPS for the previous quarter, Shaw Communications Inc (USA)'s analysts now forecast 0.00 % EPS growth. UBS Asset Management Americas Inc. now owns 1,333,653 shares of the company's stock valued at $26,791,000 after buying an additional 24,447 shares during the period. Mawer Investment Management Ltd. increased its stake in Shaw Communications by 5.1% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company's stock valued at $233,000 after buying an additional 190 shares in the last quarter. OH bought a new position in shares of Shaw Communications during the first quarter valued at about $204,000. Mackenzie Financial Corp now owns 4,073,435 shares of the company's stock worth $84,402,000 after buying an additional 108,112 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Shaw Communications by 1.9% in the fourth quarter.

Hedge funds and other institutional investors have recently modified their holdings of the company.

Need for pressure on North Korea growing - PM
In March, Chinese telecom equipment maker ZTE was fined $1.19 billion for violating USA sanctions on Iran and North Korea. She also urged Beijing to add pressure on Pyongyang, saying 90 percent of North Korea's worldwide trade is with China.

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Shaw Communications Inc.is a diversified connectivity provider. The Firm operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.