Shaw Comm Cl B NV (SJR.B) Received its Third Buy in a Row


Analysts seem to be feeling optimistic about Shaw Comm Cl B NV (SJR.B) lately, as another research firm gave the stock a Buy rating today. The company received a Buy rating from Desjardins’ analyst Maher Yaghi, with a C$32 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 5.9% and a 70.5% success rate. Yaghi covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shaw Comm Cl B NV with a C$30.50 average price target, representing a 13.6% upside. In a report issued on January 7, TD Securities also maintained a Buy rating on the stock with a C$34 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$1.25 billion and had a net profit of C$120 million.

Shaw Communications, Inc. engages in the provision of cable telecommunications and satellite video services. It operates through the Wireless segment. The Wireless segment includes wireless services for voice and data communications serving customers in Ontario, British Columbia and Alberta.

The company’s shares closed on Tuesday at C$26.84.

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