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    SJR.B   CA82028K2002

SHAW COMMUNICATIONS INC.

(SJR.B)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-08-12 pm EDT
35.04 CAD   +1.59%
04:38pTSX closes above 20,000 for first time in two months
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12:18pToronto Stocks Edge Higher; MDA Drops on Lowered 2022 Expectations
DJ
10:41aRogers, Shaw Communications to Sell Freedom Mobile to Quebecor Unit
MT
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TSX gains on resources-linked boost, upbeat global mood

06/27/2022 | 10:13am EDT

June 27 (Reuters) - Canada's main stock index edged higher on Monday, aided by gains in resources-linked shares and an upbeat mood in global equities, although sentiment remained fragile amid recession fears.

At 9:46 a.m. ET (1346 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 15.87 points, or 0.08%, at 19,078.78, extending the previous session's gains.

Meanwhile, global markets rose, as oil prices came off their peaks, improving sentiment and tempering concerns of prolonged inflation.

"Today's pick up in risk appetite is simply that maybe rates will not be hiked as far as thought previously," said Stuart Cole, head macro economist at Equiti Capital.

"There is also talk about a rebalancing by large institutional investors taking place as we reach end H1, moving back into stocks on the back of this perceived brighter outlook and reduced worry about recession."

The energy sector climbed 0.7%, with Vermilion Energy Inc, up 4.6%, jumping to the top of the index after brokerage Scotiabank upgraded its rating of the energy producer's stock.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.6% tracking stronger bullion prices.

Further gains were limited by a nearly 1.4% drop in both healthcare and technology sectors.

Global markets have been rattled in recent weeks as prospects of aggressive policy tightening by central banks to tackle soaring inflation fanned recession fears.

Meanwhile, Canada's finance minister, Chrystia Freeland, said on Sunday that the country still has a path to a "soft landing," where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a severe recession that many fear, CBC News reported.

In company news, Rogers Communications Inc, Shaw Communications Inc and Canada's competition bureau on Friday agreed to start a mediation process to overcome the agency's antitrust issues posed by Rogers' C$20 billion ($15.5 billion) acquisition of Shaw. Shares of Rogers and Shaw were down 0.8% and 0.1%, respectively. (Reporting by Amal S in Bengaluru; Editing by Maju Samuel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRIGHTER AB (PUBL) 2.48% 0.1117 Delayed Quote.-76.03%
LONDON BRENT OIL -1.47% 97.84 Delayed Quote.27.42%
ROGERS COMMUNICATIONS INC. 0.53% 59.02 Delayed Quote.-2.52%
SHAW COMMUNICATIONS INC. 1.59% 35.04 Delayed Quote.-9.90%
VERMILION ENERGY INC. -2.87% 32.52 Delayed Quote.110.57%
WTI -2.31% 91.866 Delayed Quote.24.73%
All news about SHAW COMMUNICATIONS INC.
04:38pTSX closes above 20,000 for first time in two months
RE
12:18pToronto Stocks Edge Higher; MDA Drops on Lowered 2022 Expectations
DJ
10:41aRogers, Shaw Communications to Sell Freedom Mobile to Quebecor Unit
MT
10:13aNational Bank on Latest In the Rogers, Shaw and Quebecor Saga
MT
08:45aSHAW COMMUNICATIONS : ROGERS, SHAW AND QUEBECOR SIGN DEFINITIVE AGREEMENT FOR SALE OF FREE..
PU
08:25aRogers, Shaw, Quebecor sign definitive agreement on planned sale of Freedom Mobile
AQ
08:13aTSX futures edge higher; inverted yield curve triggers caution
RE
06:39aQuebecor, Rogers, Shaw Sign Definitive Agreement to Sell Freedom Mobile While Awaiting ..
DJ
06:28aRogers, Shaw sign agreement to sell Freedom Mobile to Quebecor
RE
06:17aRogers, Shaw and Quebecor Sign Definitive Agreement for Sale of Freedom Mobile
MT
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Analyst Recommendations on SHAW COMMUNICATIONS INC.
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Financials
Sales 2022 5 469 M 4 275 M 4 275 M
Net income 2022 827 M 646 M 646 M
Net Debt 2022 5 263 M 4 113 M 4 113 M
P/E ratio 2022 22,4x
Yield 2022 3,40%
Capitalization 17 487 M 13 667 M 13 667 M
EV / Sales 2022 4,16x
EV / Sales 2023 4,10x
Nbr of Employees 9 400
Free-Float 93,0%
Chart SHAW COMMUNICATIONS INC.
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Technical analysis trends SHAW COMMUNICATIONS INC.
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 35,04 CAD
Average target price 39,96 CAD
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Bradley S. Shaw Chairman & Chief Executive Officer
Paul McAleese President
Trevor English CFO, Chief Corporate Development Officer & EVP
Zoran Stakic Chief Operating & Technology Officer
Adrian Ilene Burns Independent Director
Sector and Competitors