Scotiabank reiterated coverage on Shaw Communications with a new price target
$SJR
Scotiabank reiterated coverage of Shaw Communications with a rating of Outperform and set a new price target of $40.50 from $28.50 previously
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| 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 |
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")
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
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
25-NSE - SHAW COMMUNICATIONS INC (0000932872) (Subject)
6-K - SHAW COMMUNICATIONS INC (0000932872) (Filer)
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
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." These merger commitments build on the two companies' 50+ year
- Bloomberg
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