Synacor (SYNC) Receiving Favorable Media Coverage, Report Finds

News stories about Synacor (NASDAQ:SYNC) have trended positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synacor earned a daily sentiment score of 0.33 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 44.8380932215692 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

SYNC has been the subject of a number of research reports. Zacks Investment Research cut shares of Synacor from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine lowered shares of Synacor from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Canaccord Genuity lowered their price target on shares of Synacor from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Synacor currently has a consensus rating of “Hold” and an average target price of $5.00.

Shares of Synacor (NASDAQ SYNC) opened at $2.25 on Tuesday. Synacor has a 1-year low of $1.96 and a 1-year high of $4.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.07. The company has a market cap of $87.04, a price-to-earnings ratio of -5.63 and a beta of 0.65.

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Synacor Company Profile

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.

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