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Shaw Communications Rides the Success of Digital Subscribers
Excerpt from the InvestorGuide.com Stock of the Day on 6/26/2009

Shaw Communications Incorporated (SJR: Charts, News, Offers), the Canada-based telecommunications company, announced an increase in its third quarter earnings today. Its net income jumped from $128.1 million a year ago to $131.95 million while its revenue grew to $861.4 million from $792.2 million. Shaw's quarterly performance was just about on pace with Wall Street expectations. The Thomson Reuters mean estimate was for a profit of 32 Canadian cents a share as compared to Shaw's actual 31 Canadian cents a share. How was Shaw Communications Inc. able to post such strong profit totals in today's challenging economy?

A big contributor to Shaw's quarterly performance was its increase in digital subscribers. Over the past few years, Shaw Communications has been focused on increasing the breadth of its digital offerings, and its efforts seem to be generating a positive response from consumers. Shaw set the record for a quarterly gain in digital customers as digital cable subscribers increased 110,810 users to 1.19 million total subscribers. It also saw expansion with its digital phone line and internet services. However, it was not only the digital subscribers that were on the rise. More >


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Shaw Communications (SJR) Upgrades

Date
Analyst
Old Rating
New Rating
01/14/2008
Merrill Lynch
Neutral
Buy
01/14/2008
UBS
Neutral
Buy
01/10/2007
RBC Capital
Outperform
Underperform

Shaw Communications (SJR) Downgrades

Date
Analyst
Old Rating
New Rating
04/09/2009
UBS
Buy
Neutral
04/09/2009
RBC Capital
Outperform
Sector Perform
01/14/2009
Canaccord Adams
Buy
Hold

Shaw Communications (SJR) New Coverage

Date
Analyst
Rating
03/25/2009
Thomas Weisel
Overweight
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