Sonova (OTCMKTS:SONVY) Upgraded at Jefferies Financial Group

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

Other research analysts have also issued research reports about the stock. Citigroup reaffirmed a “sell” rating on shares of Sonova in a research note on Friday, July 24th. Royal Bank Of Canada downgraded shares of Sonova from a “moderate buy” rating to a “hold” rating in a research 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, The Goldman Sachs Group upgraded Sonova from a “hold” rating to a “buy” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Sonova Stock Performance

Shares of OTCMKTS SONVY opened at $68.21 on Monday. The firm’s 50-day simple moving average is $62.84 and its 200 day simple moving average is $53.77. Sonova has a 12-month low of $42.26 and a 12-month high of $71.91. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

About Sonova

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.