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