ValuEngine upgraded shares of Synacor (NASDAQ:SYNC) from a sell rating to a hold rating in a research report sent to investors on Friday.
Several other research analysts have also recently commented on SYNC. Craig Hallum cut Synacor from a buy rating to a hold rating and raised their target price for the stock from $3.55 to $4.00 in a research report on Thursday, August 10th. Canaccord Genuity dropped their price objective on Synacor from $8.00 to $6.00 and set a buy rating for the company in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered Synacor from a hold rating to a sell rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $5.00.
Shares of Synacor (NASDAQ:SYNC) traded down $0.05 during mid-day trading on Friday, reaching $2.45. The company had a trading volume of 34,800 shares, compared to its average volume of 174,382. Synacor has a 52-week low of $1.96 and a 52-week high of $4.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.27.
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Synacor Company Profile
Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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