Nuance Communications (NUAN) : Analyst Rating Update

Nuance Communications (NUAN) : 4 brokerage houses believe that Nuance Communications (NUAN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nuance Communications (NUAN). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Nuance Communications (NUAN) : The highest level Nuance Communications (NUAN) is projected to reach is $30 for the short term and the lowest estimate is at $18. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $23.57 and the possibility the share price can swing is $4.32.

Nuance Communications (NASDAQ:NUAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.14 and $14.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.19, notching a gain of 0.13% for the day. The total traded volume was 2,055,336 . The stock had closed at $15.17 on the previous day.

Also, Barclays initiates coverage on Nuance Communications (NASDAQ:NUAN). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Barclays announces a current price target of $22 per share. The rating by the firm was issued on April 15, 2016. The company shares have dropped -7.84% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $21.83 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $16.33 and the 200 Day Moving Average price is recorded at $17.99.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.

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