A committee formed by Sirius XM Holdings Inc. (NASDAQ:SIRI) has hired financial and legal advisers to help the company mull a takeover offer by media-investment company Liberty Media Corp. (LMCA). Sirius XM Holdings Inc (NASDAQ:SIRI) stock opened at $3.70 in last session, and closed at $3.64, while the day range of stock is $3.62-3.70. The stock showed a negative weekly performance of -0.82%.
Oppenheimer started coverage on shares of Pandora Media (NYSE:P) in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $34.64 price target on the stock. Pandora Media Inc (NYSE:P) stock opened at $34.58, in last session and closed at $33.55, by losing -3.15%. The 52 week range of the stock is $10.82 – $36.30. Company’s market capitalization is $6.52 billion.
Industry consolidator Cumulus Media Inc (NASDAQ:CMLS) has been banking on a continuation of that trend for the roughly 100-year-old communications medium, cobbling together the nation’s second-largest network of stations, which reaches approximately half of the domestic population. Cumulus Media Inc (NASDAQ:CMLS) stock decreased -2.43% and finished the last session at $6.83. The EPS of the stock remained -0.56. Company’s market capitalization is $1.25 billion.
TheStreet upgraded shares of Emmis Communications (NASDAQ:EMMS) from a sell rating to a hold rating in a research note released on Wednesday morning, ARN reports. Emmis Communications Corporation (NASDAQ:EMMS) stock opened the session at $3.10, and closed the session at $3.05. The 52 week range of the stock remained $1.43 – $3.61 and the day range was $2.99 – $3.12.
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