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XM Looks On Track For Productive Year

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#1 of 1 Ronald Epstein

Ronald Epstein

    Studio Mogul

  • 38,880 posts
  • Join Date: Jul 03 1997

Posted March 02 2006 - 04:04 AM

XM Looks On Track For Productive Year


Shares of XM Satellite Radio are currently in "show me" mode and remain preferable to shares of Sirius Satellite Radio, according to Banc of America Securities.

"XM's story should begin to work as the year progresses with retail share improvements, launch of the new portables, ramp up of new OEM partners, and the arrival of Oprah in the fourth quarter," wrote Banc of America analyst Jonathan Jacoby in an investor note today.

The analyst said XM's new product launches remain on schedule, with Gen2 XM2Go units expected in late March.

In addition, the XM Passport should also be available in late March for use with the Samsung Nexus product, according to the analyst.

XM's opportunity in the video business appears to be approaching, the analyst said. "XM could eventually offer up to 20 channels of video using WCS spectrum," the analyst said.

The analyst reiterated a "buy" rating and $33 target price on XM (nasdaq: XMSR - news - people ). For Sirius (nasdaq: SIRI - news - people ), he maintained a "sell" rating with a $5 target price.

Banc of America's top pick in the radio and TV broadcasting sector is Univision Communications (nyse: UVN - news - people ), rated "buy" with a $35 target price. Its least favorite pick is Citadel Broadcasting (nyse: CDL - news - people ), rated "neutral" with an $11 target price.

Ronald J Epstein
Home Theater Forum co-owner


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