Sonova Holding (OTCMKTS:SONVY) Receives Average Rating of “Hold” from Analysts

Sonova Holding (OTCMKTS:SONVY) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts recently commented on the company. Morgan Stanley upgraded Sonova from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 23rd. UBS Group upgraded Sonova from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. Finally, Citigroup restated a “sell” rating on shares of Sonova in a research report on Friday, July 24th.

Sonova Price Performance

OTCMKTS:SONVY opened at $56.32 on Friday. Sonova has a 12-month low of $42.26 and a 12-month high of $61.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.75. The stock’s fifty day simple moving average is $55.55 and its 200-day simple moving average is $50.70.

Sonova Company Profile

Sonova Holding AG is a Switzerland-based company focused on hearing care and hearing solutions. Through its businesses, the company develops, manufactures and distributes hearing aids, cochlear implants and other hearing-related technologies designed to help people with hearing loss communicate and participate more fully in daily life.

Sonova’s portfolio includes hearing instruments and accessories, wireless communication products, implantable hearing systems and audiological services.