Stock Watch: Sirius XM Holdings Inc. (NASDAQ:SIRI)

[PR Newswire] Sirius XM Holdings Inc. (NASDAQ:SIRI) announced that global music superstar Pitbull will sit down for an intimate Q&A session with an audience of SiriusXM listeners and fans for the SiriusXM “Town Hall” series on Monday, November 24, the day his highly anticipated album, Globalization, goes on sale. Moderated by SiriusXM Hits 1’s The Morning Mash Up hosts Nicole Ryan, Stanley T, Rich Davis and Ryan Sampson, “SiriusXM’s Town Hall with Pitbull” will air live on Monday, November 24 at 7:00 pm ET on SiriusXM Hits 1 and through the SiriusXM Internet Radio App on smartphones and other connected devices, as well as online at siriusxm.com. For rebroadcast times, please visit www.siriusxm.com/townhall. Inside SiriusXM’s Fishbowl studios, listeners and fans will have the opportunity to ask Pitbull questions about his successful musical career, his new album, and his upcoming SiriusXM music channel.

There are currently thirteen analysts that we track that cover the stock.  Of those thirteen, nine have a Buy rating and four have a hold rating.  On a consensus basis this yields a score of 2.69 and a Buy.  The combined price objective of these covering analysts is $4.23, which represents a -20% difference to the last closing price.

A recent analyst activity consisted of Zacks Investment Research reiterating their Neutral stance on the company.  Zacks has a price target of $3.75 which represents an upside of 6.53% from the last closing price.  On the date of the report, the stock closed at $3.63.

Another research firm weighing in recently was Evercore Partners who boosted price target on the stock.  On July 31st  Evercore Partners boosted their price target on the stock from $4.25 to $4.30, or a 18% upside to the current price.  On the day of the report, SIRI shares closed at $3.38.

Sirius XM Holdings Inc. (NASDAQ:SIRI) provides satellite radio services in the United States and Canada. The company creates and broadcasts commercial-free music; sports talk and live events; comedy; news; exclusive talk and entertainment; and the comprehensive Latin music, sports, and talk programming in radio. It also provides traffic, weather, data, and information services for subscribers in cars, trucks, RVs, boats, and aircraft through SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation, SiriusXM Marine, Sirius Marine Weather, XMWX Aviation, and XMWX Marine. In addition, the company offers SiriusXM programming through the SiriusXM Internet Radio App for smartphones and other connected devices, as well as online at siriusxm.com. It provides telematics and connected vehicles services, such as safety, security, and convenience services to various automotive manufacturers.

Stock Watch: Sirius XM Holdings Inc. (NASDAQ:SIRI) was last modified: November 21st, 2014 by Donna Crepeau

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