In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Shaw Comm Cl B NV (TSX: SJR.B). Analyst Vince Valentini from TD Securities reiterated a Buy rating, with a C$33 price target on October 26.
According to TipRanks.com, Valentini is ranked #1648 out of 4884 analysts.
Currently, the analyst consensus on Shaw Comm Cl B NV is a Moderate Buy with an average price target of C$30.33, a 26.0% upside from current levels. In a report issued on October 18, Scotiabank also reiterated a Buy rating on the stock with a C$31 price target.
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Based on Shaw Comm Cl B NV’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of C$1.3 billion and GAAP net loss of C$91 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 Friday at C$24.08, close to its 52-week low of C$23.90.
