Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

SIRIUS XM Radio Inc. (SIRI - Analyst Report) and Relevant Sports have declared an agreement which will allow the former to broadcast live soccer matches through its SiriusXM FC, channel 94.

SIRIUS XM listeners will get live updates of a series of soccer matches organized by Relevant Sports that will have some of the top European club soccer teams in action. Additionally, SiriusXM FC subscribers will be able to enjoy the international match between the world champion, Spain and Ireland at Yankee stadium on June 11.

The inaugural Guinness International Champions Cup is an exhibition soccer tournament that will bring European giants like Real Madrid, Inter Milan, Juventus in action across various cities of the U.S. Local giant, LA Galaxy has also confirmed its participation in the tournament. The tournament expects to showcase the talent of some of the most popular players in the world.

Of late, the U.S. has seen increasing popularity of soccer post the signing of various high profile players by Major League Soccer (MLS) teams. This has also improved the standard of the sport.

Recently, SIRIUS XM declared mixed financial results for the first quarter of 2013. The company’s bottom line was in line with the Zacks Consensus Estimate, while the top line failed to meet the same. During the quarter, Sirius XM added 452,890 subscribers reporting an annualized growth of 11.9%.

We believe that gaining the radio broadcast right puts SIRIUS in a winning position as the growing interest of soccer in the U.S. will allow it to add soccer crazy fans to its already impressive subscriber base.

Other Stocks to Consider

SIRIUS XM currently carries a Zacks Rank #3 (Hold). Other major entertainment broadcasters include Fisher Communications Inc. , CTC Media Inc. (CTCM - Snapshot Report) and Entravision Communications Corp. (EVC - Snapshot Report). Fisher and CTC carry a Zacks Rank #1 (Strong Buy) while Entravision carries a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%
BNC BANCORP BNCN 17.33 +1.58%