Synacor (SYNC) Lifted to Hold at ValuEngine
Synacor (NASDAQ:SYNC) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other research analysts also recently weighed in on SYNC. Craig Hallum downgraded shares of Synacor from a “buy” rating to a “hold” rating and increased their price target for the stock from $3.55 to $4.00 in a research report on Thursday, August 10th. Canaccord Genuity decreased their price target on shares of Synacor from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.00.
Synacor (NASDAQ SYNC) traded up $0.05 on Friday, reaching $2.50. 91,810 shares of the company’s stock traded hands, compared to its average volume of 120,855. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.27 and a current ratio of 1.27. Synacor has a fifty-two week low of $1.96 and a fifty-two week high of $4.25.
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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