CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Receives Consensus Recommendation of “Hold” from Brokerages

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) has been given an average rating of “Hold” by the six analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $117.00.

CHEOY has been the subject of several research reports. UBS Group cut shares of CochLear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research raised shares of CochLear from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Jefferies Financial Group lowered CochLear to a “hold” rating in a report on Wednesday. Finally, Royal Bank Of Canada cut CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 target price on the stock. in a research report on Thursday, July 16th.

CochLear Price Performance

Shares of OTCMKTS:CHEOY opened at $41.44 on Wednesday. The business’s 50 day moving average is $38.46 and its 200 day moving average is $57.93. CochLear has a 52-week low of $31.82 and a 52-week high of $105.60.

CochLear Company Profile

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.