Shares of Shaw Comm Cl B NV (TSX: SJR.B) were revisited by a Wall Street analyst on October 25. Canaccord Genuity’s analyst Aravinda Galappatthige downgraded SJR.B to Hold on October 25 , with a C$27 price target.
According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of 0.2% and a 56.4% success rate. Galappatthige covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Shaw Communications Inc, and Thomson Reuters Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shaw Comm Cl B NV with a C$29.50 average price target.
The company has a one-year high of C$30 and a one-year low of C$23.90. Currently, Shaw Comm Cl B NV has an average volume of 839.2K.
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.
