Sirius XM Radio Lowered to Equal Weight at Evercore Partners (SIRI)
Sirius XM Radio (NASDAQ:SIRI) was downgraded by stock analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
SIRI has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Sirius XM Radio in a research note to investors on Wednesday. They set an “outperform” rating and a $5.50 price target on the stock. Separately, analysts at Maxim Group reiterated a “buy” rating on shares of Sirius XM Radio in a research note to investors on Tuesday. They now have a $5.80 price target on the stock, up previously from $4.60. Finally, analysts at Piper Jaffray Cos. raised their EPS on shares of Sirius XM Radio in a research note to investors on Thursday, September 26th. They now have an “overweight” rating and a $5.00 price target on the stock. They previously had a $4.50 price target on the stock. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $4.55.
Sirius XM Radio (NASDAQ:SIRI) traded down 4.12% during mid-day trading on Friday, hitting $3.749. 281,207,968 shares of the company’s stock traded hands. Sirius XM Radio has a 52 week low of $2.33 and a 52 week high of $3.88. The stock’s 50-day moving average is $3.7 and its 200-day moving average is $3.4. The company has a market cap of $23.279 billion and a P/E ratio of 52.13. Sirius XM Radio also saw unusually large options trading on Wednesday. Stock investors purchased 38,409 put options on the company. This represents an increase of approximately 1,108% compared to the typical volume of 3,180 put options.
Sirius XM Radio (NASDAQ:SIRI) last released its earnings data on Thursday, October 24th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $969.49 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. 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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