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Sirius XM Holdings (NASDAQ:SIRI) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Thursday, Analyst Ratings Net reports.

The analysts wrote, “Sirius XM Radio (SIRI) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation.”

Sirius XM Holdings (NASDAQ:SIRI) traded up 0.79% during mid-day trading on Thursday, hitting $3.195. The stock had a trading volume of 104,338,248 shares. Sirius XM Holdings has a 52 week low of $3.00 and a 52 week high of $4.18. The stock’s 50-day moving average is $3.26 and its 200-day moving average is $3.57. The company has a market cap of $19.481 billion and a P/E ratio of 52.83.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $994.93 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that Sirius XM Holdings will post $0.10 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Wednesday. They now have a $3.50 price target on the stock, down previously from $3.80. Separately, analysts at Buckingham Research initiated coverage on shares of Sirius XM Holdings in a research note on Thursday, April 10th. They set a “buy” rating and a $4.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Sirius XM Holdings from $3.34 to $4.00 in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Sirius XM Holdings has an average rating of “Buy” and an average target price of $4.25.

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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