Sonova (OTCMKTS:SONVY) Stock Rating Upgraded by Jefferies Financial Group

Sonova (OTCMKTS:SONVY) was upgraded by Jefferies Financial Group from a “moderate sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other equities analysts have also recently weighed in on SONVY. Citigroup reaffirmed a “sell” rating on shares of Sonova in a research note on Friday, July 24th. UBS Group downgraded shares of Sonova from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Royal Bank Of Canada cut shares of Sonova from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 6th. Finally, The Goldman Sachs Group raised shares of Sonova from a “hold” rating to a “buy” rating in a report on Thursday, October 8th. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sonova Trading Down 0.1%

Sonova stock opened at $68.21 on Monday. Sonova has a 1 year low of $42.26 and a 1 year high of $71.91. The firm’s 50 day moving average price is $62.84 and its 200-day moving average price is $53.77. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

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.