In a new note to investors on October 25, an analyst has provided a rating update for Shaw Comm Cl B NV (TSX: SJR.B). The company received a Hold on October 25 from BMO Capital’s analyst Tim Casey, with a C$27 price target.
According to TipRanks.com, Casey is ranked #1447 out of 4873 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shaw Comm Cl B NV with a C$29 average price target, representing a 19.7% upside. In a report issued on October 25, Canaccord Genuity also downgraded the stock to Hold with a C$27 price target.
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Based on Shaw Comm Cl B NV’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of C$1.34 billion and net profit of C$200 million. In comparison, last year the company earned revenue of C$1.24 billion and had a net profit of C$151 million.
Shaw Communications, Inc. engages in the provision of cable telecommunications and satellite video services. It operates through the following business segments: Consumer, Business Network Services, and Wireless. The Consumer segment provides cable telecommunications services including video, internet, WiFi, phone, and satellite video to Canadian consumers.
The company’s shares closed on Monday at C$24.22, close to its 52-week low of C$23.90.
