Market Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Expanded Coverage of 2016 NCAA® Division I Men’s Basketball Championship; Every Game Now Available on SiriusXM App in Addition to Radios

[PR Newswire] – NEW YORK, March 10, 2016 /PRNewswire/ — SiriusXM, which has aired every game of the NCAA® Division I Men’s Basketball Championship since 2005, announced today that it will offer expanded coverage for this year’s tournament and will now also stream games via the SiriusXM app to give subscribers access to every game on their cell phones and other devices, in addition to their satellite radios. SiriusXM listeners nationwide can hear every game in its entirety from the First Four® on March 15 and 16 through the Final Four® and national championship game in Houston on April 2 and 4. SiriusXM added the streaming rights with its recently renewed broadcast agreement with Westwood One, radio rights holder for the NCAA® Division I Men’s Basketball Championship. Access to the SiriusXM app may require a subscription upgrade. Tournament match-ups and SiriusXM channel assignments will be available at www.siriusxm.com/collegebasketballschedule starting Monday, March 14. Read more on this. Sirius XM Holdings Inc. (SIRI) , with a current value of $19.87B, opened at $3.96. Today’s price range has been between $3.83 and $3.97 per share with a trailing 52-week range being $3.29 to $4.20. Sirius XM (SIRI) shares are currently priced at 28.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -0.78x earnings multiple for the same period. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.03 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.14 would be a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.19 Billion. If realized, that would be a 10.19% increase over the year-ago quarter. Recently, Gabelli & Co Initiated SIRI at Buy (Sep 18, 2015). Previously, Wunderlich upgraded SIRI from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $4.53, which is 14.39% above where the stock opened this morning. See more in (NASDAQ:SIRI) Similar Articles: Stock Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Sports and Entertainment Programming for Super Bowl Week Company Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Expanded Coverage for 2016 PGA Merchandise Show Market Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Exclusive Programming Celebrating Hispanic Heritage Month