RBC Capital Believes Shaw Comm Cl B NV (TSX: SJR.B) Won’t Stop Here

By Jason Carr

The Services sector company, Shaw Comm Cl B NV (TSX: SJR.B), has received a rating update from a Wall Street analyst today. Analyst Drew Mcreynolds from RBC Capital reiterated a Buy rating, with a C$30 price target.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 6.9% and a 63.8% success rate. Mcreynolds covers the Technology sector, focusing on stocks such as Points International, Rogers Communication, and Mitel Networks Corp.

Shaw Comm Cl B NV has an analyst consensus of Moderate Buy, with a price target consensus of C$30.

The company has a one year high of C$29.47 and a one year low of C$24.01. Currently, Shaw Comm Cl B NV has an average volume of 897.8K.

Shaw Communications, Inc. operates as a communications and media company, which engages in the provision of consumers with broadband cable television, internet, home phone, telecommunications services, satellite direct-to-home services, and engaging programming content. It operates through the following segments: Consumer, Business Network Services, Business Infrastructure Services and Media. The Consumer segment includes telephone companies, local exchange carriers, non-facilities-based Voice over Internet Protocol and wireless providers. The Business Network Services segment offers data and video transport and internet connectivity services to businesses. The Business Infrastructure Services segment comprises information technology services business which operates in market that includes telecommunications companies, carriers, managed services providers, large real estate investment trusts, and data centre operators. The Media segment involves in the television business and advertising markets. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

The company’s shares closed last Friday at $28.63, close to its 52-week high of $29.47.