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Lionbridge Technologies (NASDAQ:LIOX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a $7.20 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 8.27% from the stock’s previous close.

Lionbridge Technologies (NASDAQ:LIOX) traded down 3.19% on Wednesday, hitting $6.641. The stock had a trading volume of 1,636,011 shares. Lionbridge Technologies has a 1-year low of $2.16 and a 1-year high of $7.09. The stock has a 50-day moving average of $5.78 and a 200-day moving average of $4.59. The company has a market cap of $395.3 million and a price-to-earnings ratio of 46.99.

Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.13. The company had revenue of $127.50 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter last year, the company posted $0.10 earnings per share. Lionbridge Technologies’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that Lionbridge Technologies will post $0.34 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferson Research upgraded shares of Lionbridge Technologies from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Analysts at B. Riley downgraded shares of Lionbridge Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $6.50 price target on the stock, up previously from $5.25. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $5.39.

Lionbridge Technologies, Inc (NASDAQ:LIOX), is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.

To view Zacks’ full report, visit www.zacks.com

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