Meanwhile, big Canadian players Teck Resources (TCK-B.TO), Rogers Communications (RCI-B.TO), and Shaw Communications (SJR-B.TO) are expected to help lift sentiments, having reported strong quarterly financials. The firm last reported earnings per share of $0.45 for the quarter ending on 2015-05-31.
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Shaw also said its customer base took a hit in the fourth quarter because of a change in regulations and aggressive competitor pricing in June. Macquarie upgraded Shaw Communications from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Shaw Communications has a one year low of $18.84 and a one year high of $27.47. The 50-Day Moving Average price is $19.75 and the 200 Day Moving Average price is recorded at $21.24. Chief Executive Officer, Brad Shaw said, ‘Thanks to our team of almost 14,000 employees who continue to focus on disciplined growth and execution of our operating strategies, we have met the fiscal 2015 guidance that we set out at the beginning of the year.
SJR has been the subject of a number of recent research reports. Finally, Zacks cut Shaw Communications from a “hold” rating to a “sell” rating in a report on Friday, September 25th. Wall Street expected revenue of C$1.35 billion.
Shaw Communications (NYSE:SJR) opened at 20.56 on Thursday. The company had a trading volume of 240,217 shares. The rating system simplifies analyst ratings into a 1-5 format where 1 is equivalent to a Strong Buy and 5 represents a Strong Sell.
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Shaw Communications Inc. (NYSE:SJR): The mean estimate for the short term price target for Shaw Communications Inc. Shaw is engaged in the business of providing broadband cable television, High-Speed Internet, Home Phone, telecommunications services (through Shaw Business), satellite direct-to-home services (through Shaw Direct) and engaging programming content (through Shaw Media). The company has a market cap of $9,766 million. Shaw Business Network Services provides business customers Internet, data, WiFi, telephony, Video and fleet tracking services.
