Sirius XM Holdings Inc Got Some Bad News


In a report released today, Kannan Venkateshwar from Barclays downgraded Sirius XM Holdings Inc (NASDAQ: SIRI) to Sell. The company’s shares closed yesterday at $7.06.

According to TipRanks.com, Venkateshwar is a 1-star analyst with an average return of -1.5% and a 52.6% success rate. Venkateshwar covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Formula One Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sirius XM Holdings Inc with a $7.27 average price target, implying a 3.0% upside from current levels. In a report issued on June 21, Goldman Sachs also downgraded the stock to Sell with a $6 price target.

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The company has a one-year high of $7.70 and a one-year low of $5.17. Currently, Sirius XM Holdings Inc has an average volume of 16.39M.

Based on the recent corporate insider activity of 161 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sirius XM Holdings, Inc. is a radio company. The company offers music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation, Sirius Marine Weather, XMWX Aviation, XMWX Marine, and SiriusXM Marine.

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