Shaw Communications (SJR.B) Upgraded by TD Securities to “Action List Buy”

Shaw Communications (TSE:SJR.B) (NYSE:SJR) was upgraded by equities research analysts at TD Securities from a “buy” rating to an “action list buy” rating in a note issued to investors on Friday. The firm presently has a C$34.00 target price on the stock. TD Securities’ price objective points to a potential upside of 25.14% from the company’s previous close.

A number of other equities research analysts have also weighed in on SJR.B. National Bank Financial lowered their price objective on Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday. Royal Bank of Canada lowered 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. Echelon Wealth Partners raised Shaw Communications from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Finally, Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$32.00 to C$30.00 in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$29.10.

Shares of Shaw Communications (TSE:SJR.B) traded up C$0.11 during midday trading on Friday, reaching C$27.17. The company’s stock had a trading volume of 1,050,000 shares, compared to its average volume of 978,824. Shaw Communications has a 12-month low of C$26.48 and a 12-month high of C$30.44. The firm has a market cap of $13,600.00, a price-to-earnings ratio of 23.22 and a beta of 0.62.

ILLEGAL ACTIVITY WARNING: “Shaw Communications (SJR.B) Upgraded by TD Securities to “Action List Buy”” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2018/01/12/shaw-communications-sjr-b-upgraded-by-td-securities-to-action-list-buy.html.

Shaw Communications Company Profile

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)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply