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Enter Symbol:
Rating: SIRI
Overweight $4.60
up 25.00 %

Sirius Satellite Radio Inc. (NASDAQ: SIRI) reiterated to Overweight with price target $4.60 by Barclays

Friday,  Aug 14, 2015  2:25 PM ET by Dave Ficere

Barclays reiterated Sirius Satellite Radio Inc. (NASDAQ: SIRI) to Overweight with price target $4.60. Previously Barclays rated Overweight with price target $4 Sirius Satellite Radio
Inc. (NASDAQ: SIRI) on 03/26/2014, when the stock price was $3.15. Since then, Sirius Satellite Radio Inc.'s stock price has gained 25% as of 08/14/2015's recent price of $3.95.
If you would have followed the previous Barclays's recommendation on SIRI, you would have gained 25% of your investment in 506 days.

Sirius XM Radio Inc. has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting in the United States, its music, sports, news, talk, entertainment, traffic and weather channels for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. On July 28, 2008, its wholly owned subsidiary, Vernon Merger Corporation, merged (the Merger) with and into XM Satellite Radio Holdings Inc. and, as a result, XM Satellite Radio Holdings Inc. became its wholly owned subsidiary. The SIRIUS system consists of three in-orbit satellites, approximately 120 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. The XM system consists of four in-orbit satellites, over 700 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios.

Barclays



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