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Sirius XM Extends Partnership With Hyundai Motor America

Zacks Equity Research
Updated

Sirius XM Holdings Inc. SIRI has announced the extension of its existing partnership with Hyundai Motor America, the wholly owned subsidiary of Hyundai Motor Company, to five more years.

Per the agreement, customers purchasing Hyundai and Genesis brand vehicles will continue to get a three-month’s introductory Sirius XM All Access subscription package through the 2022 model year.

Sirius XM All Access is a highly extensive programming package including the Sirius XM mobile app. It delivers a comprehensive audio entertainment experience in the form of music, sports, talks, news, comedy, etc. The subscribers also get an access to streaming, which allows them to connect to their favorite channels online using the mobile app as well as at home on a wide range of connected devices like smart TVs, PlayStations etc.

Sirius XM Holdings Inc. Price

 

Sirius XM Holdings Inc. Price | Sirius XM Holdings Inc. Quote

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Additionally, customers purchasing Hyundai Certified Pre-Owned vehicles will also be entitled to receive an introductory subscription of Sirius XM All Access for three months.

Further, customers buying Genesis branded vehicles with navigation facility will receive a three-year subscription to a bouquet of Sirius XM Traffic and Sirius XM Travel Link infotainment services.

Notably, Sirius XM Traffic provides detailed information on traffic speed, accidents, construction, road closures and so on, enabling drivers to avoid congestion before reaching their respective destination.

Meanwhile, Sirius XM Travel Link offers drivers and passengers updates on weather, fuel prices, sports scores, movie listings and stock prices.

Zacks Rank & Other Key Picks

Sirius XM carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader Consumer Discretionary sector include American Public Education, Inc. APEI, Sky plc SKYAY and Discovery Inc. DISCA. While American Public Education sports a Zacks Rank #1 (Strong Buy), Sky and Discovery carry a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of American Public Education, Sky and Discovery have gained more than 100%, 48% and 7%, respectively, in the last six months.

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American Public Education, Inc. (APEI) : Free Stock Analysis Report
 
Sirius XM Holdings Inc. (SIRI) : Free Stock Analysis Report
 
British Sky Broadcasting Group PLC (SKYAY) : Free Stock Analysis Report
 
Discovery Communications, Inc. (DISCA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research