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UPDATE: Wunderlich Securities Maintains Hold Rating on SIRIUS XM Citing Key Transition In Market

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In a report published Tuesday, Wunderlich Securities maintained its Hold rating on SIRIUS XM (NASDAQ: SIRI) and $3 price target.

Wunderlich Securities reported that, “Yesterday, at the Mobile World Congress, GM indicated that 2014 vehicles across all lines will be equipped with 4G mobile broadband technology. There is particular intent to favor telematics application to complement Onstar, with telematics also important to Liberty Media's (LMCA-$106.42, Hold) plans for SIRI. This could leapfrog GM ahead of Ford (F-NR) Sync and the balky but now improved MyFord Touch. The 4G system includes backseat video as well as social media such as Facebook (FB-NR) and Twitter."

SIRIUS XM shares closed at $3.00 on Monday.

Latest Ratings for SIRI

DateFirmActionFromTo
Jan 2016MacquarieMaintainsOutperform
Dec 2015JP MorganInitiates Coverage onNeutral
Oct 2015Deutsche BankMaintainsHold

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Posted-In: Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings

 

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