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.

Sirius XM Radio ( SIRI) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Sirius XM Radio fell $0.05 (-1.3%) to $3.70 on light volume. Throughout the day, 29,045,083 shares of Sirius XM Radio exchanged hands as compared to its average daily volume of 60,254,200 shares. The stock ranged in price between $3.70-$3.77 after having opened the day at $3.76 as compared to the previous trading day's close of $3.75. Other companies within the Media industry that declined today were: ChinaNet Online Holdings ( CNET), down 6.7%, Envoy Capital Group ( ECGI), down 5.6%, Sinclair Broadcast Group ( SBGI), down 5.1% and Daily Journal Corporation ( DJCO), down 4.6%.

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 $24.0 billion and is part of the services sector. Shares are up 29.9% year to date as of the close of trading on Monday. Currently there are 6 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 buy. 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.

On the positive front, Cumulus Media ( CMLS), up 7.6%, VisionChina Media ( VISN), up 6.4%, Radio One ( ROIA), up 5.6% and Spanish Broadcasting System ( SBSA), up 5.1%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Rebuilding Efforts From Hurricanes Harvey and Irma Make These 6 Stocks Must Buys

3 'Orphan Stocks' to Consider Adopting

Novartis AG, Sirius XM Radio, Coupa Software: 'Mad Money' Lightning Round

August's Inexplicable Selloffs Are Here: Cramer's 'Mad Money' Recap (8/17/17)