Shares of the satellite radio provider were gaining 1.2% to $3.52.
About 11.5 million shares of Sirius XM were traded by 12:11 p.m., compared to an average trading volume of about 41.8 million shares a day.
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TheStreet Ratings team rates SIRIUS XM HOLDINGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SIRIUS XM HOLDINGS INC (SIRI) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."You can view the full analysis from the report here: SIRI Ratings Report