Analyst Rating Update on Nuance Communications (NUAN)

Nuance Communications (NASDAQ:NUAN) : 4 brokerage houses believe that Nuance Communications (NASDAQ: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 (NASDAQ: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 (NASDAQ:NUAN) : Average target price received by Nuance Communications (NASDAQ:NUAN) is $23.57 with an expected standard deviation of $4.32. The most aggressive target on the stock is $30, whereas the most downbeat target is $18. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays initiates coverage on Nuance Communications (NASDAQ:NUAN) In a research note issued to the investors, the brokerage major announces price-target of $22 per share.The shares have been rated Equal-weight. The rating by the firm was issued on April 15, 2016.

Nuance Communications (NASDAQ:NUAN): stock turned positive on Tuesday. Though the stock opened at $14.92, the bulls momentum made the stock top out at $15.14 level for the day. The stock recorded a low of $14.9 and closed the trading day at $15.1, in the green by 2.58%. The total traded volume for the day was 2,310,537. The stock had closed at $14.72 in the previous days trading.

In an insider trading activity,The director of Nuance Communications, Inc., Martin Katherine A sold 10,000 shares at $17.25 on June 8, 2016. The Insider selling transaction had a total value worth of $172,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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