CochLear (OTCMKTS:CHEOY) Shares Gap Down – What’s Next?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $86.32, but opened at $70.46. CochLear shares last traded at $70.43, with a volume of 740 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded CochLear from a “hold” rating to a “moderate buy” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

View Our Latest Stock Analysis on CochLear

CochLear Stock Up 0.4%

The company has a fifty day simple moving average of $88.77 and a 200 day simple moving average of $92.78.

About CochLear

(Get Free Report)

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.

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