Ameriprise Financial Inc. purchased a new stake in shares of Shaw Communications during the second quarter worth $252,000. Advisor Group Inc. raised its position in Shaw Communications by 170.3% during the second quarter. CIBC Asset Management Inc now owns 7,204,929 shares of the company's stock valued at $165,401,000 after purchasing an additional 234,868 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Shaw Communications by 0.7% during the third quarter.
Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) declared a monthly dividend on Friday, January 12th, TickerTech reports. 1,323,447 shares of the company's stock traded hands, compared to its average volume of 687,370. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70. Shaw Communications Inc has a one year low of $20.13 and a one year high of $23.44. Stockholders of record on Thursday, March 15th will be given a dividend of 0.0988 per share on Wednesday, March 28th. Shaw Communications has a payout ratio of 93.1% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings tumble. (NASDAQ:SJR) to report earnings on Jan, 11 for the fiscal quarter ending Nov 2017. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
Shares of Shaw Communications (NYSE:SJR) opened at $21.57 on Friday. Bank of America restated a "neutral" rating and set a $32.00 price objective on shares of Shaw Communications in a research note on Tuesday, December 5th. Canaccord Genuity set a $28.00 target price on shares of Shaw Communications and gave the stock a "hold" rating in a research note on Thursday. (NASDAQ:SJR), 0 rate it "Buy", 4 "Outperform", 10 "Underperform", 1 "Sell", while 0 "Hold". If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and global trademark and copyright law. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark law.