Sonova Holding (OTCMKTS:SONVY) Given Average Rating of “Hold” by Analysts

Shares of Sonova Holding (OTCMKTS:SONVY) have received an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company.

Several brokerages have recently weighed in on SONVY. BNP Paribas Exane upgraded shares of Sonova from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Citigroup restated a “sell” rating on shares of Sonova in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Jefferies Financial Group downgraded shares of Sonova from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 18th.

Sonova Stock Performance

Shares of Sonova stock opened at $51.92 on Wednesday. Sonova has a 52-week low of $42.26 and a 52-week high of $63.69. The company has a 50 day moving average of $46.75 and a 200 day moving average of $49.90. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 0.51.

Sonova Company Profile

Sonova AG (OTCMKTS:SONVY) is a Switzerland-based provider of hearing care solutions, headquartered in Stäfa. The company designs, develops, manufactures and distributes a range of audiological products and related services aimed at improving hearing and communication for people with hearing loss. Its portfolio spans behind-the-ear and in-the-ear hearing instruments, wireless accessories and software solutions that enable connectivity with consumer devices and audiological fittings.

Sonova markets its products under several well-known brands, including Phonak and Unitron for hearing aids, and it is also associated with Advanced Bionics for cochlear implant systems.