Time to Reconsider Sirius XM Canada Holdings Inc After Reaching 52-Week High?

 Time to Reconsider Sirius XM Canada Holdings Inc After Reaching 52 Week High?

The stock of Sirius XM Canada Holdings Inc (TSE:XSR) hit a new 52-week high and has $5.62 target or 7.00% above today’s $5.25 share price. The 6 months bullish chart indicates low risk for the $556.64 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $5.62 price target is reached, the company will be worth $38.96M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 750 shares traded hands. Sirius XM Canada Holdings Inc (TSE:XSR) has risen 12.88% since April 19, 2016 and is uptrending. It has outperformed by 7.55% the S&P500.

Sirius XM Canada Holdings Inc (TSE:XSR) Ratings Coverage

Out of 3 analysts covering Sirius XM Canada Holdings Inc. (TSE:XSR), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $6 is the highest target while $0.50 is the lowest. The $4.74 average target is -9.71% below today’s ($5.25) stock price. Sirius XM Canada Holdings Inc. has been the topic of 11 analyst reports since October 7, 2015 according to StockzIntelligence Inc. On Friday, July 15 the stock rating was maintained by TD Securities with “Hold”. The firm has “Hold” rating given on Wednesday, August 31 by TD Securities. The stock of Sirius XM Canada Holdings Inc (TSE:XSR) has “Hold” rating given on Wednesday, August 31 by Canaccord Genuity. The stock of Sirius XM Canada Holdings Inc (TSE:XSR) earned “Sector Perform” rating by RBC Capital Markets on Friday, December 18. The stock of Sirius XM Canada Holdings Inc (TSE:XSR) has “Sector Perform” rating given on Monday, November 2 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 14. The stock has “Sector Performer” rating given by IBC on Monday, November 2.

More notable recent Sirius XM Canada Holdings Inc (TSE:XSR) news were published by: Reuters.com which released: “Sirius XM Canada to be taken private by SiriusXM, top Canadian ho…” on May 13, 2016, also Law360.com with their article: “Sirius XM Canada To Arbitrate $34M Fee Dispute” published on April 27, 2016, Business.Financialpost.com published: “Sirius XM Canada Holdings Inc. sees revenue boost due to subscriber growth” on September 28, 2016. More interesting news about Sirius XM Canada Holdings Inc (TSE:XSR) were released by: Business.Financialpost.com and their article: “Sirius XM Canada Holdings Inc shareholders vote in favour of privatization deal” published on August 30, 2016 as well as Fool.com‘s news article titled: “3 Reasons Sirius XM Holdings Inc. Stock Could Rise” with publication date: February 14, 2016.

Sirius XM Canada Holdings Inc. is an audio entertainment company. The company has a market cap of $556.64 million. The Firm is a subscription media company, which is engaged in establishing and operating a Canadian satellite radio service. It has a 13.62 P/E ratio. It broadcasts over 130 satellite radio channels.

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