SONOVA (OTCMKTS:SONVY) Stock Rating Upgraded by Zacks Research

Key Points

• SONOVA's stock rating was upgraded by Zacks Research from "hold" to "strong-buy," indicating increased confidence among analysts.
• Other analysts have provided mixed ratings, with two giving a "Strong Buy," while others have assigned "Hold" and "Sell" ratings, leading to an average rating of "Hold" overall.
• The current stock price for SONOVA is approximately $54.99, with a 12-month high of $77.56 and a low of $52.83, showcasing some fluctuation in performance over the year.

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

Other research analysts have also recently issued reports about the company. Rothschild Redb upgraded SONOVA from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Barclays cut SONOVA from a "hold" rating to a "strong sell" rating in a report on Friday, June 20th. Finally, Sanford C. Bernstein upgraded SONOVA from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold".

SONOVA Price Performance

SONVY stock opened at $54.99 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45. SONOVA has a 12-month low of $52.83 and a 12-month high of $77.56. The business's 50-day moving average is $57.05 and its 200 day moving average is $58.81.

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.

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