Shaw Communications (SJR) Receiving Somewhat Negative News Coverage, Report Finds

News articles about Shaw Communications (NYSE:SJR) (TSE:SJR.B) have been trending somewhat negative recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shaw Communications earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 48.1759551169224 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Shaw Communications (SJR) traded up $0.21 during mid-day trading on Friday, reaching $21.78. The company’s stock had a trading volume of 1,034,574 shares, compared to its average volume of 725,933. Shaw Communications has a one year low of $20.13 and a one year high of $23.44. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. The firm has a market capitalization of $10,970.00, a P/E ratio of 23.17, a PEG ratio of 4.53 and a beta of 0.96.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings results on Thursday, January 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). Shaw Communications had a net margin of 16.80% and a return on equity of 9.54%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. sell-side analysts expect that Shaw Communications will post 1.02 earnings per share for the current fiscal year.

The business also recently disclosed a jan 18 dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 15th will be paid a $0.0988 dividend. Shaw Communications’s payout ratio is 100.00%.

Several brokerages have commented on SJR. TD Securities upgraded Shaw Communications to a “buy” rating in a report on Friday. Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Monday, October 2nd. Barclays increased their price target on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Bank of America reiterated a “neutral” rating and set a $32.00 price target on shares of Shaw Communications in a report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.00.

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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.

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