Sonova (OTCMKTS:SONVY) Downgraded to Strong Sell Rating by Barclays

Sonova (OTCMKTS:SONVY - Get Free Report) was downgraded by equities researchers at Barclays from a "hold" rating to a "strong sell" rating in a report issued on Friday,Zacks.com reports.

Several other analysts have also commented on the stock. BNP Paribas lowered shares of Sonova from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, June 11th. Kepler Capital Markets raised shares of Sonova from a "strong sell" rating to a "hold" rating in a research report on Friday, June 6th. HSBC lowered shares of Sonova from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Hsbc Global Res lowered shares of Sonova from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Sonova presently has a consensus rating of "Hold".

Sonova Stock Down 2.0%

SONVY opened at $59.16 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 0.96. Sonova has a fifty-two week low of $52.83 and a fifty-two week high of $77.56. The company's 50-day moving average is $61.89 and its 200 day moving average is $63.43.

About Sonova

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.

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