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Investment analysts at RBC Capital cut their price target on shares of Sirius XM Holdings (NASDAQ:SIRI) from $4.00 to $3.50 in a note issued to investors on Monday, ARN reports. RBC Capital’s price objective indicates a potential upside of 14.01% from the company’s current price.

Shares of Sirius XM Holdings (NASDAQ:SIRI) traded down 1.60% during mid-day trading on Monday, hitting $3.07. The stock had a trading volume of 84,285,368 shares. Sirius XM Holdings has a 52 week low of $2.98 and a 52 week high of $4.18. The stock has a 50-day moving average of $3.23 and a 200-day moving average of $3.55. The company has a market cap of $18.719 billion and a P/E ratio of 52.00. Sirius XM Holdings also was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 233,456,766 shares, a decline of 3.6% from the March 31st total of 242,227,243 shares. Based on an average daily trading volume, of 99,668,521 shares, the short-interest ratio is currently 2.3 days. Currently, 8.2% of the shares of the company are sold short.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings data on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Sirius XM Holdings will post $0.09 earnings per share for the current fiscal year.

A number of other firms have also recently commented on SIRI. Analysts at TheStreet downgraded shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Wednesday, April 23rd. They now have a $3.50 price target on the stock, down previously from $3.80. Finally, 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus 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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