Barclays Downgrades Sirius XM Radio to Equal Weight (SIRI)
Sirius XM Radio (NASDAQ:SIRI) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Stock Ratings Network reports. They currently have a $4.00 target price on the stock, down from their previous target price of $4.50. Barclays’ price objective indicates a potential upside of 8.99% from the company’s current price.
SIRI has been the subject of a number of other recent research reports. Analysts at Evercore Partners upgraded shares of Sirius XM Radio from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, January 3rd. They now have a $4.50 price target on the stock, up previously from $3.90. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Radio in a research note to investors on Monday, December 23rd. They now have a $3.75 price target on the stock. Finally, analysts at Wunderlich upgraded shares of Sirius XM Radio from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 19th. They now have a $4.20 price target on the stock, down previously from $4.50. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Sirius XM Radio has an average rating of “Buy” and a consensus target price of $4.29.
Sirius XM Radio (NASDAQ:SIRI) remained flat at $3.67 during during mid-day trading trading on Tuesday. The stock had a trading volume of 104,954,456 shares. Sirius XM Radio has a one year low of $2.95 and a one year high of $4.18. The stock has a 50-day moving average of $3.62 and a 200-day moving average of $3.72. The company has a market cap of $22.517 billion and a P/E ratio of 50.27.
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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