Deutsche Bank reaffirmed their buy rating on shares of Nuance Communications (NASDAQ:NUAN) in a research note issued to investors on Monday, American Banking News reports. The firm currently has a $24.00 price target on the stock.
Nuance Communications (NASDAQ:NUAN) traded up 0.16% on Monday, hitting $15.69. 1,011,096 shares of the company’s stock traded hands. Nuance Communications has a 52 week low of $15.47 and a 52 week high of $24.85. The stock has a 50-day moving average of $17.72 and a 200-day moving average of $18.8. The company has a market cap of $4.869 billion and a P/E ratio of 146.40. Nuance Communications also was the recipient of some unusual options trading activity on Monday. Investors bought 14,356 put options on the company. This is an increase of 535% compared to the average volume of 2,260 put options.
A number of other firms have also recently commented on NUAN. Analysts at Zacks upgraded shares of Nuance Communications from an underperform rating to a neutral rating in a research note to investors on Thursday, October 31st. They now have a $16.30 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $23.35.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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