Press coverage about Synchronoss Technologies (NASDAQ:SNCR) has been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchronoss Technologies earned a news impact score of 0.08 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.2051227828013 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have weighed in on the company. BidaskClub upgraded Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Citigroup Inc. increased their price objective on Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Deutsche Bank AG reiterated a “hold” rating and issued a $18.00 price objective (up previously from $10.00) on shares of Synchronoss Technologies in a report on Monday, October 9th. Finally, Zacks Investment Research cut Synchronoss Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.71.

Shares of Synchronoss Technologies (NASDAQ:SNCR) traded down $0.41 during trading hours on Friday, hitting $9.99. The stock had a trading volume of 1,262,365 shares, compared to its average volume of 2,829,528. Synchronoss Technologies has a 12-month low of $8.71 and a 12-month high of $49.94. The company has a market cap of $474.67, a price-to-earnings ratio of 6.89 and a beta of 1.62.

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About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

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