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.
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