SONOVA (OTCMKTS:SONVY) Upgraded to Hold at Zacks Research

Key Points

• Sonova's rating has been upgraded from "strong sell" to "hold" by Zacks Research, indicating a more favorable outlook for the stock.
• Various analysts have issued mixed ratings for Sonova, with one analyst giving a "strong buy," while others have fluctuated between "hold" and "sell" ratings.
• The stock is currently trading at $58.36, with a 12-month range between a low of $52.83 and a high of $77.56.

SONOVA (OTCMKTS:SONVY - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

SONVY has been the topic of a number of other reports. Sanford C. Bernstein raised shares of SONOVA from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Hsbc Global Res cut shares of SONOVA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st. BNP Paribas cut shares of SONOVA from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, June 11th. HSBC cut shares of SONOVA from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Kepler Capital Markets upgraded shares of SONOVA from a "strong sell" rating to a "hold" rating in a report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce".

SONOVA Stock Performance

Shares of SONOVA stock traded down $1.28 on Thursday, reaching $57.08. The company had a trading volume of 43,750 shares, compared to its average volume of 21,900. The firm's 50 day moving average price is $57.47 and its two-hundred day moving average price is $60.03. SONOVA has a 52-week low of $52.83 and a 52-week high of $77.56. 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 Company Profile

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.