SJR.B:CC - Shaw Communications rallies after Canaccord Genuity upgrades to Buy

Shaw Communications (NYSE:SJR) is up 8% after the analysts at Canaccord Genuity Group upgraded the stock to Buy from Hold rating in a research note issued on Tuesday. The recent media reports disclosed Canada's antitrust agency wants to speed up its suit attempting to block Rogers Communications (NYSE:RCI) $15.8B purchase of Shaw (NYSE:SJR) with a hearing in five to six months. Seeking Alpha Quant rating system maintains a Hold on SJR stock with valuation and growth factor grades marked at D, whereas average Wall Street's rating remains steady at Buy. Over the last 3-month, Shaw Communications shares have lost 13.2% while in the last 1-year, down 7.4%.

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Shaw Communications rallies after Canaccord Genuity upgrades to Buy