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.

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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)

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