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Sirius XM Holdings (NASDAQ:SIRI) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Monday.

The analysts wrote, “Sirius XM Holdings (SIRI) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

Shares of Sirius XM Holdings (NASDAQ:SIRI) remained flat at $3.27 during during mid-day trading trading on Monday. 51,233,912 shares of the company’s stock traded hands. Sirius XM Holdings has a 52 week low of $2.98 and a 52 week high of $4.18. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $3.46. The company has a market cap of $19.730 billion and a price-to-earnings ratio of 58.39.

Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results 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 $0.09 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group cut their price target on shares of Sirius XM Holdings from $5.80 to $4.45 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Tuesday, May 13th. They now have a $3.50 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Sirius XM Holdings from $4.00 to $3.50 in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $4.17.

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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