TD Securities Upgrades Shaw Communications (SJR.B) to Action List Buy

Shaw Communications (TSE:SJR.B) (NYSE:SJR) was upgraded by stock 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 price objective on the stock. TD Securities’ target price would indicate a potential upside of 24.95% from the company’s previous close.

Several other research firms have also issued reports on SJR.B. Scotiabank lowered shares of Shaw Communications from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$32.00 to C$30.00 in a report on Thursday, October 12th. Echelon Wealth Partners upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a report on Friday, October 27th. National Bank Financial dropped their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a report on Friday, October 27th. Finally, Royal Bank of Canada dropped their target price on shares of Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$29.11.

Shaw Communications (TSE SJR.B) opened at C$27.21 on Friday. The stock has a market cap of $13,620.00, a price-to-earnings ratio of 23.26 and a beta of 0.62. Shaw Communications has a fifty-two week low of C$26.48 and a fifty-two week high of C$30.44.

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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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