Brokerages Set CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Price Target at $117.00

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $117.00.

Several equities research analysts have weighed in on CHEOY shares. Royal Bank Of Canada cut CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 target price for the company. in a research note on Thursday, July 16th. Zacks Research raised CochLear from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Canaccord Genuity Group downgraded CochLear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group lowered CochLear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd.

CochLear Trading Down 0.2%

OTCMKTS CHEOY opened at $48.27 on Thursday. The firm’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $46.56. CochLear has a 1 year low of $31.82 and a 1 year high of $102.63.

CochLear Company Profile

Cochlear Limited is an Australian medical device company that develops, manufactures and supplies implantable hearing solutions. Its products are designed for people with severe to profound hearing loss who may not receive sufficient benefit from conventional hearing aids.

The company’s portfolio includes cochlear implants, bone conduction hearing implants, and related sound processors, accessories, software and support services. Cochlear also provides rehabilitation resources, clinical support and ongoing product services intended to help recipients use and maintain their hearing systems.

Founded in 1981 and headquartered in Sydney, Australia, Cochlear serves customers through a global network spanning Australia, New Zealand, North America, Europe, Asia and other international markets.