Barclays Downgrades Sirius XM Holdings to Equal-Weight

Brokerage firm Barclays Downgrades its rating on Sirius XM Holdings(SIRI). The shares have been rated Equal-Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at Barclays was issued on Mar 22, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 16, 2017, Wunderlich said it Downgrades its rating on Sirius XM Holdings. According to the research note, Wunderlich Raises the price target to $5.5 per share from a prior target of $5. The shares have been rated ‘Hold’ by the firm.

Sirius XM Holdings (SIRI) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.58% at a volume of 2,56,06,808. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.15. The peak price level was also seen at $5.15 while the days lowest was $5.06. Finally the shares closed at $5.1. The 52-week high of the shares is $5.53 while the 52-week low is $3.74. According to the latest information available, the market cap of the company is $24,047 M.

Sirius XM Holdings(SIRI) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.303B. Analysts had an estimated revenue of $1.290B. Earnings per share were $0.04. Analysts had estimated an EPS of $0.04.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2017, Vanessa Ames Wittman (director) sold 62,037 shares at $5.11 per share price.Also, On Mar 8, 2017, James Arthur Cady (EVP, Product and Operations) sold 277,241 shares at $5.13 per share price.On Mar 1, 2017, Eddy W Hartenstein (director) sold 24,163 shares at $5.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Add Comment