SATWAVES

Moody’s Upgrades Sirius XM

By Brandon Matthews The news is just hitting the wires. Moody's Investors Service has followed Standard & Poor's with substantial upgrades to Sirius XM Radio's (Nasdaq:SIRI) credit ratings: (Reuters) Feb 1 - Sirius XM: Moody's Investors Service upgraded Sirius XM Radio Inc.'s (Sirius XM) Corporate Family Rating (CFR) to Caa1 from Ca, Probability of Default Rating (PDR) to B3 from Caa3, and speculative-grade liquidity rating to SGL-2 from SGL-3. Associated debt ratings were upgrad...

Sirius XM Credit Rating Upgraded At Standard & Poor’s

by Brandon Matthews Standard & Poor's Ratings Services today raised its corporate credit rating on Sirius XM Radio (Nasdaq: SIRI) and its subsidiaries to B from B-. The rating outlook is positive. Outstanding issue-level ratings on the company were also raised by one notch, in conjunction with the corporate credit rating change. The rating upgrade reflects improving operating performance, resumption of subscriber growth and positive discretionary cash flow. The B rating reflects...

Market Edge Upgrades SIRI Shares

By Brandon Matthews Market Edge has pre-released an equity upgrade to BUY on shares of Sirius XM Radio (NASDAQ:SIRI), which takes effect Monday January 11,2009.  The report comments indicate: Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend. Chart pattern indicates a Weak Upward Trend. Relative Strength is Bullish. Up/Down volume pattern indicates that the stock is under Accumulation. The 50 day Moving Average is rising which is Bullish. The 200 day Moving ...

SIRI: Independent Analyst Opinions Turning Positive

By Brandon Matthews A new research report was issued yesterday by ConvergEx on shares of Sirius XM Radio (SIRI), which publishes a monthly "Jaywalk Concensus" report on thousands of individual equities. ConvergEx clients include asset managers, broker-dealers, corporations, financial intermediaries, hedge funds and retirement plan sponsors. Jaywalk is the independent equity research consultancy of ConvergEx. "The Jaywalk Consensus metrics service provides an average of all of the independe...

Barrington Research Raises Target on Sirius XM (SIRI)

By Brandon Matthews In a report issued yesterday by Barrington Research Associates, Senior Investment Analyst Jim Goss maintained his OUTPERFORM rating on Sirius XM Radio (SIRI) while upgrading his 2010 and 2011 price targets following the company’s third quarter earnings report. Mr. Goss raised estimates on better than expected revenue and improving metrics going forward, such as improving subscriber numbers due in part to the cash for clunkers program, increased ARPU and continued cost...