Shaw Communications Inc (USA) (SJR) is Resumed by BofA/Merrill to Underperform

Shaw Communications Inc (USA) (SJR) was Resumed by BofA/Merrill to “Underperform”. BofA/Merrill advised their investors in a research report released on Jul 5, 2016.

On the company’s financial health, Shaw Communications Inc (USA) reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $0.36. The company had revenue of $1151.00 million for the quarter, compared to analysts expectations of $1365.30 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Shaw Communications Inc (USA) (SJR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $19.2 and reached the intraday high at $19.39. The bulls started the profit booking and pushed the shares to intraday low of $19.09. The trading session was marked by a volume range of 6,77,567 shares exchanging hands. The 52-week high of the shares is $22.12 and the 52-week low is $15.66. The market cap of the company stands at $9,183 M and there are 47,82,74,480 shares in public circulation.

Shaw Communications Inc. (Shaw) is a diversified Canadian communications and media company. Shaw is engaged in the business of providing broadband cable television High-Speed Internet Home Phone telecommunications services (through Shaw Business) satellite direct-to-home services (through Shaw Direct) and engaging programming content (through Shaw Media). The Company operated through three principal business segments such as Cable consisted of cable television Internet Digital Phone and Shaw Business operations; Satellite consisted of direct-to-home (DTH) and Satellite Services; and Media consisted of television broadcasting. Shaw Media operates as conventional television networks in Canada Global Television and numerous specialty networks. It provides customers with entertainment information and communications services utilizing a variety of distribution technologies.

Shaw Communications Inc (USA)

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