Bank of America Initiates Coverage on Shaw Communications Inc (USA) to Underperform

Bank of America Initiates Coverage on Shaw Communications Inc (USA)(NYSE:SJR). The shares have been rated Underperform. The rating by Bank of America was issued on Jul 5, 2016.

Shaw Communications Inc (USA) (SJR) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -1.06% at a volume of 11,92,291. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.985. The peak price level was also seen at $18.985 while the days lowest was $18.67. Finally the shares closed at $18.69. The 52-week high of the shares is $21.5 while the 52-week low is $15.66. According to the latest information available, the market cap of the company is $8,939 M.

Shaw Communications Inc (USA) has also declared a cash dividend of $0.0985 on Jun 29, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Sep 29, 2016.

Shaw Communications Inc (USA)(SJR) last announced its earnings results on Jan 14, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.42B. Analysts had an estimated revenue of $1.43B. Earnings per share were $0.43. Analysts had estimated an EPS of $0.48.

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.

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