Sirius XM Radio Inc. Sets New 1-Year High at $3.85 (SIRI)
Sirius XM Radio (NASDAQ:SIRI) set a new 52-week high on Tuesday, StockRatingsNetwork.com reports. The company traded as high as $3.85 and last traded at $3.84, with a volume of 22,409,275 shares. The stock had previously closed at $3.80.
SIRI has been the subject of a number of recent research reports. Analysts at Barclays Capital initiated coverage on shares of Sirius XM Radio (NASDAQ:SIRI) in a research note to investors on Wednesday, July 31st. They set an “overweight” rating and a $4.50 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Sirius XM Radio (NASDAQ:SIRI) from $3.50 to $4.00 in a research note to investors on Tuesday, July 23rd. They now have a “hold” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of Sirius XM Radio (NASDAQ:SIRI) from $4.20 to $4.60 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.20.
Sirius XM Radio has a 1-year low of $2.33 and a 1-year high of $3.85. The stock has a 50-day moving average of $3.72 and a 200-day moving average of $3.39. The company has a market cap of $23.906 billion and a P/E ratio of 50.67.
Sirius XM Radio (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $934.40 million. During the same quarter last year, the company posted $0.48 earnings per share. Sirius XM Radio’s revenue was up 12.2% compared to the same quarter last year. Analysts expect that Sirius XM Radio will post $0.09 EPS for the current fiscal year.
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems.
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