Bullboard - Stock Discussion Forum Shaw Communications Inc. SJRWF

Communication Services Telecom Services

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw is also now a national wireless service provider after acquiring Wind Mobile in... see more

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OTCPK:SJRWF - Post Discussion

Shaw Communications Inc. > RBC says SJR.B outperform, $27

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Post by northcoast on Jan 14, 2021 3:29pm

RBC says SJR.B outperform, $27

Analyst 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."

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