Sirius XM Radio Inc (NASDAQ:SIRI) has been awarded a low rating

Posted by George Brook July 8, 2013 0 Comment 3717 views

The shares of Sirius XM Radio Inc (NASDAQ:SIRI) declined to close at $ 3.38 in trading session of Friday, July 5. This closing number exhibits decrease in the stock price by 2.59%. After opening at $ 3.48w, the stock exhibited an intraday high of $ 3.50. With average volume of 69.83 million shares in last 90 trading sessions, almost 59.70 million shares were traded in session of Friday.

The TD Securities’ analysts of equities research awarded a low rating to Sirius XM Radio (NASDAQ: SIRI). They suggested a “hold” rating from “buy” rating on Thursday to investors through a research note. Currently, the stock’s target price that they advise is $8.00. This has been raised from the prior price aimed at $7.50.

Sirius XM Radio Inc (NASDAQ:SIRI) has been a part and focus of several reports lately. Zacks’ analysts, restated to investors through a research note on a “neutral” rating on company’s shares on June 25th. The stock price target of $3.50 has been set by them. Further, The Street’s analysts restated on a rating to “buy” on Sirius XM Radio Inc (NASDAQ:SIRI)’s shares on the same date, June 25. On June 24th, the “buy” rating was restated by Bank of America’s analysts on the shares of the company. They have a stock price target of $4.00. Of all, only one analyst on equities research has suggested a “sell” rating to the stock. “Hold” rating has been advised by seven analysts and “Buy” rating has been awarded by twelve analysts. All of these, together, bring a “buy” as the consensus rating with a consensus stock price target of $4.23.

In United States, Sirius XM Radio Inc (NASDAQ:SIRI) broadcasts sports, music, entertainment, , talk, comedy news, weather and traffic channels on basis of subscription fee via its two satellite radio systems. There is a provision for the subscribers to be able to obtain some of the music as well as certain channels on Internet.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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