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Shaw Communications (SJR) Catches Eye: Stock Jumps 8.7%

Zacks

Shaw Communications Inc. SJR was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company —as the stock is now up 11.5% in the past one-month time frame.

The move came after the company reported solid second-quarter fiscal 2018 results.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Shaw Communications currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Shaw Communications Inc. Price

Shaw Communications Inc. Price | Shaw Communications Inc. Quote


Investors interested in the Cable Television industry may consider Casa Systems, Inc. CASA, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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