SJR-B.TO Shaw Communications (TSX) pre-market 20 Jan 2026 6.73M volume: check trend

SJR-B.TO stock is trading at CAD 40.48 in the pre-market on 20 Jan 2026, with 6,726,192 shares traded so far — more than triple the average of 2,005,585. The sharp volume spike makes Shaw Communications Inc. (SJR-B.TO) one of the most active TSX names this session and highlights near-term interest ahead of sector catalysts. Early price action sits just below the year high CAD 40.49 and above the 50-day average CAD 39.43, signalling short-term strength but limited upside from current levels.

Pre-market snapshot and trading flow for SJR-B.TO stock

SJR-B.TO stock opened at CAD 40.48 with a day range CAD 40.47–40.49 and year range CAD 32.96–40.49. Volume of 6,726,192 versus average volume 2,005,585 gives a relative volume of 3.35, confirming the ‘most active’ tag for the pre-market period. The pattern: price sitting above the 50-day average CAD 39.43 and the 200-day average CAD 36.56 suggests buyers are in control intraday.

High turnover can reflect position adjustments across the telecom sector, including peer moves at Rogers, BCE and TELUS. Traders should watch if intraday bids hold above the 50-day average or if volume fades by the open.

Fundamental metrics and valuation snapshot

Key fundamentals for Shaw Communications Inc. (SJR-B.TO) show EPS 1.47, a trailing PE of 27.54, and market cap of CAD 20.23B. Price-to-book is 3.24 and EV/EBITDA is 10.21, in line with mid‑range telecom peers. Free cash flow per share is 1.47 with a price-to-free-cash-flow ratio of 27.53, indicating modest cash conversion relative to market value.

Balance sheet metrics include debt-to-equity 0.94 and interest coverage 4.93, which reflect a levered but serviceable capital structure. These figures underpin a valuation that is neither deeply cheap nor richly priced versus the Communication Services sector average PE 22.23.

Technical levels and trend cues for SJR-B.TO stock

Price action is tight: current CAD 40.48 sits at the year high CAD 40.49, making the high an immediate resistance level. Short-term support aligns with the 50-day average CAD 39.43 and stronger support near the 200-day average CAD 36.56. Relative momentum shows a recent YTD gain of 5.29% and a one-year gain of 12.75%, suggesting constructive trend dynamics.

Watch volume-weighted moves: sustained volume above the average could push price through the year high. Failure to hold the 50-day moving average on cooling volume would be an early technical red flag.

Sector context and peer comparison for SJR-B.TO stock

Shaw operates in the Telecommunications Services industry inside Communication Services, where the sector average PE is 22.23 and average price/sales is 2.14. Shaw’s price-to-sales of 3.71 and PE 27.54 keep it above sector averages, reflecting stable cash flow and network assets. The sector has a YTD performance of 0.68%, while Shaw’s YTD is 5.29%, indicating relative outperformance so far this year.

Catalysts across the telecom group — pricing rounds, regulatory updates, or wireless rollouts — can shift investor interest quickly. Compare moves in Rogers, BCE and TELUS for directional signals that often influence SJR-B.TO trading.

Meyka AI rating and forecast model for SJR-B.TO stock

Meyka AI rates SJR-B.TO with a score out of 100: 61.95 / 100 — Grade B — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.

Meyka AI’s forecast model projects a 12‑month price of CAD 42.07, a 3‑year target CAD 45.47, and a 5‑year target CAD 48.90. Versus the current CAD 40.48, those imply upside of +3.92% at 12 months, +12.33% at 3 years, and +20.81% at 5 years. Forecasts are model-based projections and not guarantees.

Key risks and catalysts that could move SJR-B.TO stock

Primary risks include regulatory shifts in wireless competition, execution on fibre and wireless rollouts, and leverage sensitivity if interest rates rise. Net debt to EBITDA near 2.17 increases exposure to macro volatility. Conversely, catalysts include Freedom Mobile subscriber gains, margin expansion in wireline services, and industry re‑rating tied to improved cash flow conversion.

Investors should monitor quarterly results, competitive pricing moves among Rogers and TELUS, and any corporate actions that affect free‑cash‑flow or dividend policy.

Final Thoughts

SJR-B.TO stock is one of the most active TSX names in pre-market trade on 20 Jan 2026, driven by 6,726,192 shares and price near the year high CAD 40.49. Fundamentals show EPS 1.47, PE 27.54, and EV/EBITDA 10.21, placing Shaw above sector averages but supported by steady cash flow. Meyka AI rates SJR-B.TO 61.95/100 (B, HOLD) and projects a 12-month target CAD 42.07 — an implied +3.92% upside from today. The three- and five-year model targets of CAD 45.47 and CAD 48.90 imply larger mid-term gains if network execution and wireless growth sustain. For traders, the immediate decision point is whether volume confirms a breakout above CAD 40.49 or momentum fades back to the 50-day average CAD 39.43. For longer‑term investors, focus on free cash flow conversion, subscriber trends at Freedom Mobile, and debt dynamics. Use this Meyka AI-powered market analysis as one input; forecasts are model-based projections and not guarantees.

FAQs

Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.