It Seems Shaw Communications Inc. (SJR) Will Go Down. Just Reaches 52-Week Low

March 14, 2018 - By Adrian Mccoy

The stock of Shaw Communications Inc. (NYSE:SJR) hit a new 52-week low and has $17.73 target or 6.00 % below today’s $18.87 share price. The 9 months bearish chart indicates high risk for the $9.59 billion company. The 1-year low was reported on Mar, 14 by If the $17.73 price target is reached, the company will be worth $575.46M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.57% or $0.1072 during the last trading session, reaching $18.8659. About 335,879 shares traded. Shaw Communications Inc. (NYSE:SJR) has risen 13.56% since March 14, 2017 and is uptrending. It has underperformed by 3.14% the S&P500.

Analysts await Shaw Communications Inc. (NYSE:SJR) to report earnings on April, 12 before the open. They expect $0.24 earnings per share, up 4.35 % or $0.01 from last year’s $0.23 per share. SJR’s profit will be $122.01M for 19.65 P/E if the $0.24 EPS becomes a reality. After $0.19 actual earnings per share reported by Shaw Communications Inc. for the previous quarter, Wall Street now forecasts 26.32 % EPS growth.

Shaw Communications Inc. (NYSE:SJR) Ratings Coverage

Among 6 analysts covering Shaw Comms (NYSE:SJR), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Shaw Comms had 11 analyst reports since October 20, 2015 according to SRatingsIntel. Barclays Capital maintained Shaw Communications Inc. (NYSE:SJR) rating on Friday, October 27. Barclays Capital has “Equal-Weight” rating and $22 target. As per Tuesday, April 5, the company rating was initiated by Barclays Capital. RBC Capital Markets upgraded Shaw Communications Inc. (NYSE:SJR) rating on Monday, January 9. RBC Capital Markets has “Outperform” rating and $29 target. The stock has “Equal Weight” rating by Barclays Capital on Friday, October 23. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The stock of Shaw Communications Inc. (NYSE:SJR) earned “Sell” rating by Citigroup on Thursday, April 6. On Thursday, December 17 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Macquarie Research upgraded the shares of SJR in report on Tuesday, October 20 to “Outperform” rating.

More notable recent Shaw Communications Inc. (NYSE:SJR) news were published by: which released: “Was Shaw Communications Inc.’s Voluntary Buyout Program a Disaster?” on February 20, 2018, also with their article: “3 Reasons I’m Considering Shaw Communications Inc.” published on January 18, 2018, published: “BCE Inc. vs. Shaw Communications Inc.: Which Telecom Stock Is a Better Buy?” on March 14, 2018. More interesting news about Shaw Communications Inc. (NYSE:SJR) were released by: and their article: “Can Shaw Communications Inc. Win its War?” published on August 23, 2017 as well as‘s news article titled: “Disruptive Investors: Shaw Communications Inc. Reeks of Innovation” with publication date: August 31, 2017.

Shaw Communications Inc. operates as a diversified communications firm in Canada and the United States. The company has market cap of $9.59 billion. The firm operates through Consumer, Business Network Services, Business Infrastructure Services, and Wireless divisions. It has a 13.67 P/E ratio. The Consumer segment provides cable telecommunications services, including video, Internet, WiFi and phone, and satellite video services.

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