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Zacks Investment Research downgraded Synchronoss Technologies, Inc. (NASDAQ:SNCR) to Hold in a report released today.

Zacks Investment Research has downgraded Synchronoss Technologies, Inc. (NASDAQ:SNCR) to Hold in a report released on Wednesday October 05, 2016.

Just yesterday Synchronoss Technologies, Inc. (NASDAQ:SNCR) traded -1.11% lower at $40.95. Synchronoss Technologies, Inc.’s 50-day moving average is $41.47 and its 200-day moving average is $36.33. The last closing price is up 10.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 230,321 shares of SNCR traded hands, down from an average trading volume of 319,372

Recent Performance Chart

Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Synchronoss Technologies, Inc. has 52 week low of $20.33 and a 52 week high of $43.65 with a PE ratio of 682.54 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $51.83 with 4 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Synchronoss Technologies, Inc. (Synchronoss) offers cloud solutions and software-based activation for mobile carriers, enterprises, retailers and original equipment manufacturers (OEMs). The Company operates in providing cloud solutions and software-based activation for connected devices segment. Its software provides consumer and enterprise solutions for transactions on a range of connected devices across the world's networks. The Company's solutions include activation and provisioning software for devices and services, cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, identity/access management and secure mobility management that enable communications service providers (CSPs), cable operators/multi-services operators (MSOs) and OEMs with embedded connectivity, multi-channel retailers, medium and large enterprises and their consumers, as well as other customers for secure and broadband networks, and connected devices.

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