OTCPK:SJRWF - Post by User
Post by
northcoaston Jan 14, 2021 3:29pm
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Post# 32298985
RBC says SJR.B outperform, $27
RBC says SJR.B outperform, $27Analyst Actions: RBC Capital Keeps Outperform, $27 TP on Shaw Communications 02:55 PM EST, 01/14/2021 (MT Newswires) -- RBC Capital has kept its Outperform and $27 TP on Shaw Communications, noting that Q1/21 financial results were in line with expectations with better wireless loading and wireline margins offsetting weaker wireline RGUs.
Potential catalysts for Shaw include a favourable wireless review decision, accelerating Internet revenue growth, Shaw Mobile traction, a favourable 3500 MHz outcome with the set-aside and a potential sale of Freedom Mobile in Ontario.
"With now better wireline execution, a strong FCF trajectory, an under-levered balance sheet and active NCIB, we believe Shaw's growth and risk profile has improved considerably."