Zacks Investment Research Upgrades Liberty Sirius XM Group Series C (LSXMK) to “Hold”

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

Separately, Morgan Stanley restated an “overweight” rating and set a $51.00 target price on shares of Liberty Sirius XM Group Series C in a report on Friday, March 15th.

Shares of LSXMK stock opened at $38.36 on Thursday. The firm has a market cap of $8.06 billion, a PE ratio of 19.08 and a beta of 1.18. Liberty Sirius XM Group Series C has a 52 week low of $34.84 and a 52 week high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last announced its earnings results on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $1.74 billion during the quarter. On average, research analysts expect that Liberty Sirius XM Group Series C will post 2.13 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC bought a new stake in shares of Liberty Sirius XM Group Series C during the first quarter worth $25,000. Lindbrook Capital LLC acquired a new position in shares of Liberty Sirius XM Group Series C during the fourth quarter valued at $29,000. Baldwin Brothers Inc. MA acquired a new position in shares of Liberty Sirius XM Group Series C during the fourth quarter valued at $30,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Liberty Sirius XM Group Series C during the fourth quarter valued at $30,000. Finally, Advisory Alpha LLC acquired a new position in shares of Liberty Sirius XM Group Series C during the first quarter valued at $31,000. Institutional investors own 82.42% of the company’s stock.

Liberty Sirius XM Group Series C Company Profile

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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