Wunderlich reaffirmed their hold rating on shares of Sirius XM Radio (NASDAQ: SIRI) in a report issued on Tuesday.
“Yesterday, at the Mobile World Congress, GM indicated that 2014 vehicles across all lines will be equipped with 4G mobile broadband technology. There is particular intent to favor telematics application to complement Onstar, with telematics also important to Liberty Media’s (LMCA-$106.42, Hold) plans for SIRI. This could leapfrog GM ahead of Ford (F-NR) Sync and the balky but now improved MyFord Touch. The 4G system includes backseat video as well as social media such as Facebook (FB-NR) and Twitter.,” the firm’s analyst commented.
SIRI has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a buy rating on shares of Sirius XM Radio in a research note to investors on Friday, February 15th. Separately, analysts at Barrington Research reiterated an outperform rating on shares of Sirius XM Radio in a research note to investors on Monday, February 11th. They now have a $3.75 price target on the stock. Finally, analysts at Macquarie downgraded shares of Sirius XM Radio from an outperform rating to a neutral rating in a research note to investors on Wednesday, February 6th. They now have a $3.25 price target on the stock. They noted that the move was a valuation call.
Nine analysts have rated the stock with a buy rating, two have given an overweight rating, five have given a hold rating, and one has given a sell rating to the stock. The stock presently has an average rating of overweight and a consensus target price of $3.56.
Sirius XM Radio opened at 3.08 on Tuesday. Sirius XM Radio has a 1-year low of $1.78 and a 1-year high of $3.25. The stock’s 50-day moving average is currently $3.13. The company has a market cap of $20.202 billion and a price-to-earnings ratio of 6.03.
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