Research analysts at Macquarie started coverage on shares of Sirius XM Radio (NASDAQ: SIRI) in a report issued on Wednesday. They set an “outperform” rating on the stock.
Separately, analysts at Morgan Stanley (NYSE: MS) downgraded shares of Sirius XM Radio from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 23rd. They now have a $2.30 price target on the stock. Analysts at Citigroup (NYSE: C) initiated coverage on shares of Sirius XM Radio in a research note to investors on Friday, December 9th. They set a “buy” rating and a $2.20 price target on the stock. Also, analysts at Zacks Investment Research upgraded shares of Sirius XM Radio from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 9th.
Sirius XM Radio Inc. has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. The SIRIUS system consists of four in-orbit satellites, approximately 125 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. The XM system consists of four in-orbit satellites, over 650 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. Subscribers can also receive certain of its music and other channels over the Internet.
Shares of Sirius XM Radio traded up 2.88% during mid-day trading on Wednesday, hitting $2.14. Sirius XM Radio has a 52 week low of $1.27 and a 52 week high of $2.44. The stock’s 50-day moving average is $1.95 and its 200-day moving average is $1.83. The company has a market cap of $8.024 billion and a P/E ratio of 52.00.
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