Interactive Brokers, Sirius XM, Transocean Downgraded

Interactive Brokers, Sirius XM, and Transocean stocks received bearish analyst attention

Apr 19, 2017 at 9:53 AM
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Analysts are weighing in on market maker Interactive Brokers Group, Inc. (NASDAQ:IBKR), satellite radio stock Sirius XM Holdings Inc. (NASDAQ:SIRI), and offshore driller Transocean LTD (NYSE:RIG). Here's a quick roundup of today's bearish brokerage notes on IBKR, SIRI, and RIG stocks.

Interactive Brokers Stock Slammed Post-Earnings

KBW downgraded IBKR to "market perform" from "outperform," after the company's earnings miss. As such, the stock is down 3.3% at $33.64, continuing to slide since its most recent highs near $40 in mid-February. Shorts sellers have been applying pressure to Interactive Brokers Group, Inc. shares. During the past two reporting periods, short interest on IBKR stock jumped 21%, and now accounts for 7.2% of its total float.

Downgrade Drills Sirius XM Stock

SIRI stock has slid 2.2% to $4.95, after Morgan Stanley lowered its rating to "underweight" from "equal weight," saying its analysis suggests subscriber growth has peaked. That said, the shares remain 11.5% higher on a year-to-date basis, and options traders are expecting extended upside. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Sirius XM Holdings Inc. has amassed a top-heavy call/put volume ratio of 14.86 -- outstripping 78% of all other readings taken in the past 12 months.

Transocean Stock Shakes Off Bearish Note

RIG saw its price target cut to $13 from $15 at Susquehanna. Nevertheless, the stock is 0.7% higher at $11.72. Longer term, Transocean LTD shares have struggled, shedding over one-fifth of their value on a year-to-date basis, and recently surrendering a foothold atop their formerly supportive 200-day moving average. Perhaps that's why brokerage firms have been so gloomy in their assessment of underperforming RIG stock. Specifically, Transocean has received "hold" or worse opinions from 85% of analysts providing coverage.


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