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Barrington Research Releases Bullish Coverage On Sirius XM

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In a report released Tuesday, Barrington Research analyst James Goss released coverage on Sirius XM (NASDAQ: SIRI) while reaffirming its Outperform rating.

Analysts at Barrington favor Sirius' ability to consistently increase revenue; the company increased revenue by 9.9 percent from Q2 2013. Sirius currently displays EBITDA margins of 35.8 percent compared to 28.1 percent year-over-year and free cash flow of $335 million.

Sirius reported a heavy increase in new subscribers, adding 1.5 million subscribers in 2014. The Barrington note focused on Sirius' vehicle segment, representing nearly 27 percent of total vehicles domestically, with a projection of nearly doubling to 120 million in the next five years. The current install rate is 70 percent on new vehicles.

Latest Ratings for SIRI

DateFirmActionFromTo
Mar 2017BarclaysDowngradesOverweightEqual-Weight
Mar 2017WunderlichDowngradesBuyHold
Sep 2016JP MorganAssumesNeutral

View More Analyst Ratings for SIRI
View the Latest Analyst Ratings

Posted-In: Barrington Research James GossAnalyst Color Reiteration Analyst Ratings

 

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