Sonova (OTCMKTS:SONVY) Stock Moved Up to “Hold” by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Sonova (OTCMKTS:SONVY) from a moderate sell rating to a hold rating in a research note published on Monday,Zacks reports.

SONVY has been the topic of several other reports. The Goldman Sachs Group raised Sonova from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th. Royal Bank Of Canada lowered Sonova from a “moderate buy” rating to a “hold” rating in a report on Friday, November 6th. UBS Group cut Sonova from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, Citigroup restated a “sell” rating on shares of Sonova in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sonova has a consensus rating of “Hold”.

Sonova Stock Performance

SONVY opened at $68.21 on Monday. Sonova has a 1 year low of $42.26 and a 1 year high of $71.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.43. The stock has a fifty day moving average price of $62.84 and a 200 day moving average price of $53.77.

Sonova Company Profile

Sonova is a Switzerland-based hearing care company headquartered in Stäfa. Founded in 1947 as AG für Elektroakustik, it has grown into a global provider of products and services for people with hearing loss. The company develops and sells hearing aids under brands including Phonak and Unitron, as well as cochlear implant systems through Advanced Bionics. Its offerings also include wireless hearing solutions and consumer audio products sold under the Sennheiser brand. Sonova serves customers worldwide through product sales and audiological care services, including hearing assessments, fittings and ongoing support.