Credit Suisse Maintains Outperform on Shaw Communications
Credit Suisse is out with its report today on Shaw Communications (NYSE: SJR), maintaining Outperform.
In a note to clients, Credit Suisse writes, "Although video competition in Western Canada will remain intense with Telus' roll-out of IPTV, we believe Shaw is taking an increasingly disciplined approach to its cable promotional pricing and cost base, and as a result is positioned for improved cable momentum in H2.11. The recently acquired Shaw media asset is also driving strong incremental free cash flow as expected."
At the time of posting, shares of SJR were trading at $20.85, up 0.19% from Friday's close.
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