Shaw Communications Inc (TSE:SJR.B) Rating Increased to Buy at Echelon Wealth Partners

Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) was upgraded by research analysts at Echelon Wealth Partners from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, October 27th.

A number of other research analysts have also commented on SJR.B. CIBC upped their price target on Shaw Communications from C$29.00 to C$31.00 in a report on Thursday, June 29th. Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$32.00 to C$30.00 in a research note on Thursday, October 12th. National Bank Financial dropped their price objective on Shaw Communications from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Friday, October 27th. Finally, Royal Bank Of Canada dropped their price objective on Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$29.75.

Shaw Communications (SJR.B) opened at C$28.93 on Friday. Shaw Communications has a 1-year low of C$25.69 and a 1-year high of C$30.44.

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About Shaw Communications

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company 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.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

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