Sirius XM Radio (NASDAQ:SIRI) was downgraded by Evercore Partners to an “equal weight” rating in a research note issued on Friday, Analyst Ratings Net reports.
A number of other analysts have also recently weighed in on SIRI. 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 research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $4.57.
Sirius XM Radio (NASDAQ:SIRI) opened at 3.91 on Friday. Sirius XM Radio has a 1-year low of $2.33 and a 1-year high of $3.88. The stock has a 50-day moving average of $3.7 and a 200-day moving average of $3.4. The company has a market cap of $24.278 billion and a P/E ratio of 52.13. Sirius XM Radio also was the target of unusually large options trading on Wednesday. Traders purchased 38,409 put options on the company. This is an increase of approximately 1,108% compared to the typical daily volume of 3,180 put options.
Sirius XM Radio (NASDAQ:SIRI) last announced its earnings results on Thursday, October 24th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.