Shaw Communications (SJR) Getting Somewhat Positive Press Coverage, Analysis Finds

Media headlines about Shaw Communications (NYSE:SJR) (TSE:SJR.B) have trended somewhat positive recently, Alpha One reports. The research firm, a service of Accern, identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shaw Communications earned a news sentiment score of 0.13 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 75 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Alpha One Sentiment Analysis’s rankings:

Shares of Shaw Communications (NYSE:SJR) traded down 1.80% during mid-day trading on Thursday, reaching $21.30. The company had a trading volume of 765,651 shares. The company has a market capitalization of $10.40 billion, a PE ratio of 12.60 and a beta of 0.95. The company’s 50-day moving average price is $20.73 and its 200-day moving average price is $20.44. Shaw Communications has a 52-week low of $17.92 and a 52-week high of $21.84.

Shaw Communications (NYSE:SJR) last issued its quarterly earnings data on Wednesday, April 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Shaw Communications had a net margin of 22.09% and a return on equity of 9.73%. Shaw Communications’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. On average, analysts forecast that Shaw Communications will post $0.94 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be issued a $0.0736 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Wednesday, July 12th. Shaw Communications’s dividend payout ratio is presently 53.22%.

SJR has been the topic of a number of recent research reports. Royal Bank of Canada upgraded Shaw Communications from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $26.00 to $29.00 in a research note on Monday, January 9th. Zacks Investment Research cut Shaw Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Desjardins cut Shaw Communications from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Wednesday, December 21st. They noted that the move was a valuation call. Barclays PLC restated a “hold” rating and set a $21.00 price objective on shares of Shaw Communications in a research note on Monday, January 16th. Finally, Citigroup Inc initiated coverage on Shaw Communications in a research note on Thursday, April 6th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.88.

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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.

5 Day Chart for NYSE:SJR

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