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

Sonova Holding (OTCMKTS:SONVY) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages recently issued reports on SONVY. Zacks Research cut shares of Sonova from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada upgraded Sonova to a “moderate buy” rating in a research report on Tuesday, November 18th. Rothschild Redb raised Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, BNP Paribas began coverage on Sonova in a research report on Monday, October 20th. They issued an “underperform” rating on the stock.

Sonova Price Performance

Shares of Sonova stock opened at $52.83 on Friday. The firm’s 50-day moving average is $51.30 and its two-hundred day moving average is $55.14. 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 has a 1 year low of $47.55 and a 1 year high of $71.50.

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.