At close of market on Wednesday, Shaw Communications Inc. Class B Non-voting Shares (TSX:SJR.B) stock finished trading at -1.94%, bringing the stock price to $26.73 on the Toronto Stock Exchange. The stock price saw a low of $26.73 and a high of $27.33.
The company’s stock was traded 3,659 times with a total of 748,866 shares traded.
Shaw Communications Inc. Class B Non-voting Shares has a market cap of $13.71 billion, with 488.03 million shares in issue.
Shaw Communications is a cable TV company in western Canada, serving as one of the biggest providers of Internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2017, 87% of Shaw’s total revenue resulted from this wireline business. With its 2016 acquisition of Wind Mobile (subsequently rebranded Freedom Mobile), Shaw is also now a wireless service provider in Ontario, Alberta, and British Columbia–three of Canada’s four largest provinces. Shaw has upgraded Wind’s 3G network to a 4G LTE network; undertaken an aggressive pricing strategy; and significantly enhanced its spectrum holdings ahead of 2019’s 600 MHz auction, where it will have favored bidding status relative to the big three national carriers.
