Shaw Comm Cl B NV Gets a Hold Rating from Desjardins

By Austin Angelo

Wall Street analyst has provided a rating update for the Services sector company today, while remaining neutral on the stock. Analyst Maher Yaghi from Desjardins rated Shaw Comm Cl B NV (TSX: SJR.B) a Hold, setting a C$30 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 8.2% and a 68.6% success rate. Yaghi covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.

Currently, the analyst consensus on Shaw Comm Cl B NV is Moderate Buy and the average price target is C$29.80, representing a 9.5% upside.

In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$28 price target.

The company has a one-year high of C$30.44 and a one-year low of C$26.48. Currently, Shaw Comm Cl B NV has an average volume of 945.6K.

Shaw Communications, Inc. engages in the provision of cable telecommunications and satellite video services. It operates through the following business segments: Consumer, Business Network Services, and Wireless. The Consumer segment provides cable telecommunications services including video, internet, WiFi, phone, and satellite video to Canadian consumers.

The company’s shares closed on Friday at C$27.21.