Shaw Communications (TSE:SJR.B) Shares Pass Above 50 Day Moving Average of $37.11

Shaw Communications Inc (TSE:SJR.B – Get Rating) (NYSE:SJR)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$37.11 and traded as high as C$38.54. Shaw Communications shares last traded at C$38.42, with a volume of 1,050,971 shares traded.

Wall Street Analyst Weigh In

SJR.B has been the topic of a number of analyst reports. Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 13th. National Bankshares cut Shaw Communications from an “outperform” rating to a “sector perform” rating and set a C$40.50 price target on the stock. in a research note on Tuesday, January 3rd. Finally, Royal Bank of Canada cut Shaw Communications from an “outperform” rating to a “sector perform” rating and set a C$40.50 price target on the stock. in a research note on Tuesday, January 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Shaw Communications presently has a consensus rating of “Hold” and an average price target of C$40.20.

Shaw Communications Stock Up 0.1 %

The company has a debt-to-equity ratio of 94.32, a current ratio of 0.86 and a quick ratio of 0.56. The stock has a market capitalization of C$19.20 billion and a PE ratio of 25.28. The company has a 50 day moving average price of C$37.11 and a 200-day moving average price of C$35.44.

Shaw Communications Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, January 30th. Stockholders of record on Monday, January 30th will be paid a dividend of $0.0988 per share. The ex-dividend date is Thursday, January 12th. This represents a $1.19 annualized dividend and a dividend yield of 3.09%. Shaw Communications’s dividend payout ratio (DPR) is presently 77.96%.

About Shaw Communications

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Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.