Brokerage Firm Rating Update on Nuance Communications (NUAN)

Nuance Communications (NUAN) : The consensus on Nuance Communications (NUAN) based on 9 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Nuance Communications (NUAN) stock is expected to deviate a maximum of $3.78 from the average target price of $22.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $17.


For the current week, the company shares have a recommendation consensus of Buy. Also, UBS maintains its rating on Nuance Communications (NASDAQ:NUAN). The global brokerage major lowers the current price target from $18 per share to $17 per share. Analysts at the UBS have a current rating of Neutral on the shares. The rating by the firm was issued on August 9, 2016.

Nuance Communications (NASDAQ:NUAN): The stock opened at $14.84 and touched an intraday high of $14.9 on Wednesday. During the day, the stock corrected to an intraday low of $14.81, however, the bulls stepped in and pushed the price higher to close in the green at $14.87 with a gain of 0.41% for the day. The total traded volume for the day was 1,571,486. The stock had closed at $14.81 in the previous trading session.

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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