Sirius XM Radio Inc. (SIRI): Today's Featured Media Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day down 2.0%. By the end of trading, Sirius XM Radio fell $0.10 (-2.9%) to $3.56 on average volume. Throughout the day, 44,609,233 shares of Sirius XM Radio exchanged hands as compared to its average daily volume of 53,160,400 shares. The stock ranged in price between $3.56-$3.63 after having opened the day at $3.62 as compared to the previous trading day's close of $3.66. Other companies within the Media industry that declined today were:
(
), down 8.9%,
(
), down 8.0%,
(
), down 6.4% and
(
), down 6.4%.
Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. Sirius XM Radio has a market cap of $23.0 billion and is part of the services sector. Shares are up 28.0% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Sirius XM Radio a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Sirius XM Radio
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Sirius XM Radio Ratings Report.
On the positive front,
(
), up 3.4%,
(
), up 3.3%,
(
), up 2.0% and
Digital Cinema Destinations Corp Class A
(
), up 1.9%.
- Use our media section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
(
) while those bearish on the media industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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