Shaw Communications (TSE:SJR.B) Rating Increased to Outperform at National Bank Financial

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Shaw Communications (TSE:SJR.B) (NYSE:SJR) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a C$26.00 target price on the stock, down from their previous target price of C$27.00. National Bank Financial’s price objective would indicate a potential upside of 16.85% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. TD Securities raised Shaw Communications from a “buy” rating to an “action list buy” rating and dropped their target price for the stock from C$34.00 to C$32.00 in a research report on Thursday, March 12th. Royal Bank of Canada lowered their price objective on Shaw Communications from C$29.00 to C$25.00 in a research report on Wednesday, March 18th. Finally, CIBC lowered their price objective on Shaw Communications from C$29.00 to C$28.00 in a research report on Tuesday, January 14th.

Shares of TSE:SJR.B opened at C$22.25 on Wednesday. The stock has a market capitalization of $9.57 billion and a price-to-earnings ratio of 16.37. The company has a debt-to-equity ratio of 87.24, a quick ratio of 0.33 and a current ratio of 0.56. The stock’s 50-day simple moving average is C$23.38 and its two-hundred day simple moving average is C$25.73. Shaw Communications has a 52-week low of C$17.77 and a 52-week high of C$28.10.

Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

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