Shaw Communications Inc. operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities. The Wireless segment provides wireless services for voice and data communications serving customers in Ontario, British Columbia, and Alberta through Freedom Mobile; and in British Columbia and Alberta through Shaw Mobile. The company was formerly known as Shaw Cablesystems Ltd. and changed its name to Shaw Communications Inc. in May 1993. Shaw Communications Inc. was founded in 1966 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: shaw.ca
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2023 | Sector Outperform → Sector Perform | Scotiabank | |
| 1/13/2023 | Buy → Hold | Desjardins | |
| 1/4/2023 | Outperform → Sector Perform | National Bank Financial | |
| 1/3/2023 | Outperform → Sector Perform | RBC Capital Mkts | |
| 10/26/2022 | Sector Perform → Sector Outperform | Scotiabank | |
| 6/28/2022 | Sector Perform | Scotiabank | |
| 6/21/2022 | Hold → Buy | Canaccord Genuity | |
| 11/8/2021 | Sector Perform → Outperform | RBC Capital Mkts | |
| 9/7/2021 | Buy → Hold | Canaccord Genuity |
Scotiabank downgraded Shaw Comms from Sector Outperform to Sector Perform
Desjardins downgraded Shaw Comms from Buy to Hold
National Bank Financial downgraded Shaw Comms from Outperform to Sector Perform
RBC Capital Mkts downgraded Shaw Comms from Outperform to Sector Perform
Scotiabank upgraded Shaw Comms from Sector Perform to Sector Outperform
Scotiabank resumed coverage of Shaw Comms with a rating of Sector Perform
Canaccord Genuity upgraded Shaw Comms from Hold to Buy
RBC Capital Mkts upgraded Shaw Comms from Sector Perform to Outperform
Canaccord Genuity downgraded Shaw Comms from Buy to Hold
Scotiabank reiterated coverage of Shaw Communications with a rating of Outperform and set a new price target of $40.50 from $28.50 previously
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
25-NSE - SHAW COMMUNICATIONS INC (0000932872) (Subject)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
MONTRÉAL and CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Quebecor Inc. ("Quebecor") and Shaw Communications Inc. ("Shaw") announced today that the acquisition of Freedom Mobile Inc. ("Freedom") by Videotron Ltd. ("Videotron"), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the "Freedom Transaction"). With a combined total of more than 3.5 million customers for mobile services alone and the expertise of nearly 7,500 employees, Freedom and Videotron have the leverage to further disrupt Canada's wireless market. "We
TORONTO and CALGARY, Alberta, March 31, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. and Shaw Communications Inc. announced today their historic merger is expected to close prior to the outside date of April 7, 2023 after receiving final regulatory approval. "We are very pleased to move forward with this transformative merger and proudly deliver on our commitments to enhance and expand network coverage, connect underserved communities, and improve access for low-income Canadians," said Tony Staffieri, President and CEO, Rogers. "Building on a shared legacy with Shaw, we will invest substantially to bring more choice, more value, and more connectivity to Canadians across the country
Companies Welcome Approval by Minister of Innovation, Science and Industry for the Transfer of Shaw's Spectrum Licenses to Videotron Extend outside date of closing the transactions to April 7, 2023 TORONTO and CALGARY and MONTREAL, March 31, 2023 (GLOBE NEWSWIRE) -- After receiving federal government approval, Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. announced today that they plan to close the pro-competitive transactions expeditiously. The three companies, along with the Shaw Family Living Trust, have agreed to extend the outside date of the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor (the "Freedom Transaction")
CALGARY, Alberta, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that it has declared a monthly dividend, suspended its dividend reinvestment plan ("DRIP") and obtained an extension for the date by which it must hold its annual general meeting. Dividend Declaration Shaw's Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on March 30, 2023 to holders of record at the close of business on March 15, 2023. These dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
TORONTO and CALGARY, Alberta and MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to March 31, 2023. All parties remain committed to the pro-competitive transactions, and continue to work with Innovation, Science and Economic Development Canada (ISED) to obtain approval of the transfer of spectrum licenses from Shaw to Videotron – in connection with the proposed acquisition of Freedom Mobile by Videotro
CALGARY, Alberta, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on February 27, 2023 to holders of record at the close of business on February 15, 2023. The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Shareholders will not be entitled to receive a particular dividend unless they are holders of record on the applicable record date. There is no entitlement to any dividend prior to
Companies remain committed to pro-competitive transactions,continue to work with ISED for approval of spectrum license transfer from Shaw to Videotron TORONTO, CALGARY, AB and MONTREAL, Jan. 30, 2023 /PRNewswire/ - Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to February 17, 2023. All parties remain committed to the pro-competitive transactions, which will deliver significant benefits to Canada and Canadian consumers. Innovation, Science and Ec
TORONTO and CALGARY, Alberta and MONTREAL, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to February 17, 2023. All parties remain committed to the pro-competitive transactions, which will deliver significant benefits to Canada and Canadian consumers. Innovation, Science and Economic Development Canada (ISED) must approve the transfer of spectrum licenses from Shaw to Videotron – in connection with the
CALGARY, Alberta and TORONTO and MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. today provided the following statement on the decision by the Federal Court of Appeal. "We welcome this clear, unequivocal, and unanimous decision by the Federal Court of Appeal. We continue to work with Innovation, Science and Economic Development Canada to secure the final approval needed to close the pro-competitive transactions and create a stronger fourth wireless carrier in Canada and a more formidable wireline competitor." Transactions UpdateIn a ruling from the bench, the Court dismissed the appeal by the Commissioner of Competition
CALGARY, Alberta, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw" or the "Company") announces consolidated financial and operating results for the quarter ended November 30, 2022. First quarter consolidated revenue decreased 1.2% year-over-year to $1.37 billion, adjusted EBITDA1 decreased 2.5% year-over-year to $617 million, and net income decreased 14.3% to $168 million. Selected Financial Highlights Three months ended November 30,(millions of Canadian dollars except per share amounts)2022 2021 Change %Revenue1,370 1,386 (1.2)Adjusted EBITDA(1)617 633 (2.5)Adjusted EBITDA Margin(2)45.0% 45.7% (1.5)Funds flow from operations487 491 (0.8)Free Cash Flow(1)113 255 (55.7)N
CALGARY, Alberta, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that it has declared a monthly dividend, suspended its dividend reinvestment plan ("DRIP") and obtained an extension for the date by which it must hold its annual general meeting. Dividend Declaration Shaw's Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on March 30, 2023 to holders of record at the close of business on March 15, 2023. These dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
CALGARY, Alberta, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on February 27, 2023 to holders of record at the close of business on February 15, 2023. The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Shareholders will not be entitled to receive a particular dividend unless they are holders of record on the applicable record date. There is no entitlement to any dividend prior to
CALGARY, Alberta, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw" or the "Company") announces consolidated financial and operating results for the quarter ended November 30, 2022. First quarter consolidated revenue decreased 1.2% year-over-year to $1.37 billion, adjusted EBITDA1 decreased 2.5% year-over-year to $617 million, and net income decreased 14.3% to $168 million. Selected Financial Highlights Three months ended November 30,(millions of Canadian dollars except per share amounts)2022 2021 Change %Revenue1,370 1,386 (1.2)Adjusted EBITDA(1)617 633 (2.5)Adjusted EBITDA Margin(2)45.0% 45.7% (1.5)Funds flow from operations487 491 (0.8)Free Cash Flow(1)113 255 (55.7)N
CALGARY, Alberta, Jan. 02, 2023 (GLOBE NEWSWIRE) -- Shaw Communications today issued the following statement in reaction to the decision of the Competition Tribunal released on the evening of January 1, 2023. The decision is available at https://decisions.ct-tc.gc.ca/ct-tc/cdo/en/521175/1/document.do. The Competition Tribunal's ruling is comprehensive, thoughtful, well-reasoned and clear in its finding that the proposed Shaw-Videotron-Rogers transactions are "not likely to prevent or lessen competition substantially." In fact, in its 88-page decision the Tribunal considered carefully the evidence provided during a month-long hearing. The Tribunal found accurately that if the transactions
CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on January 30, 2023 to holders of record at the close of business on January 13, 2023. The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Shareholders will not be entitled to receive a particular dividend unless they are holders of record on the applicable record date. There is no entitlement to any dividend prior to su
CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw" or the "Company") announces consolidated financial and operating results for the quarter ended August 31, 2022. Selected Financial Highlights Three months ended August 31,Year ended August 31,(millions of Canadian dollars except per share amounts)2022 2021 Change %2022 2021 Change %Revenue1,356 1,377 (1.5)5,448 5,509 (1.1)Adjusted EBITDA(1)624 614 1.6 2,534 2,500 1.4 Adjusted EBITDA margin(2)46.0%44.6%3.1 46.5%45.4%2.4 Funds flow from operations487 514 (5.3)1,992 2,249 (11.4)Free cash flow(1)(3)70 227 (69.2)819 973 (15.8)Net income169 252 (32.9)764 986 (22.5)Earnings per share Basic0.34 0.50 1.5
CALGARY, Alberta, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") will be releasing its fiscal 2022 consolidated results for the fourth quarter and full year (ending August 31, 2022) on Tuesday, November 29, 2022, before North American financial markets open. Management will not hold a conference call following the release of results. If you have any questions regarding the first quarter results, please send them to [email protected]. Note:If you wish to be added to our distribution lists for conference call notices/press releases, please send your request to [email protected] About Shaw Communications Inc.Shaw is a leading Canadian connecti
CALGARY, Alberta, July 27, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on each of August 30, 2022, September 29, 2022, October 28, 2022, November 29, 2022 and December 29, 2022 to holders of record at the close of business on August 15, 2022, September 15, 2022, October 14, 2022, November 15, 2022 and December 15, 2022, respectively. The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Sharehold
Third quarter consolidated financial results include adjusted EBITDA1 of $644 million along with year-to-date free cash flow1 of $670 million The Company remains focused on balancing growth and profitability while investing in our networks and delivering better customer experiences Shaw and Rogers announce a divestiture agreement for the sale of Freedom Mobile to Quebecor and continue to work constructively with all parties towards securing the remaining regulatory approvals for both the sale of Freedom Mobile and the Rogers-Shaw Transaction CALGARY, Alberta, June 30, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw" or the "Company") announces consolidated financial and operating
CALGARY, Alberta, May 09, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw") announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on each of June 28, 2022 and July 28, 2022 to holders of record at the close of business on June 15, 2022 and July 15, 2022, respectively. The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Shareholders will not be entitled to receive a particular dividend unless they are holders of record on the applicable record date. Ther
CALGARY, Alberta, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. ("Shaw" or, the "Corporation") announced that, at its annual meeting of shareholders held earlier today, the resolutions proposed in Shaw's management proxy circular were adopted. The detailed results from the annual shareholder meeting are as follows. 1. Election of each of the following thirteen nominees as directors of the Corporation (by ballot): Votes ForVotes Withheld # % # %Peter J. Bissonnette18,303,334 99.997 533 0.003Adrian I. Burns18,244,534 99.676 59,333 0.324Christina J. Clark18,243,320 99.669 60,547 0.331Richard R. Green18,244,534 99.676 59,333 0.324Gregg Keating18,301,394 99.986 2,473 0.0