Shaw Comm Cl B NV (TSX: SJR.B), the Services sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Adam Shine from National Bank reiterated a Hold rating, with a C$27 price target.
According to TipRanks.com, Shine is ranked #2858 out of 4879 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shaw Comm Cl B NV with a C$29.75 average price target.
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$25.50.
