Royal Bank Of Canada Upgrades Sonova (OTCMKTS:SONVY) to Moderate Buy

Sonova (OTCMKTS:SONVY) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also commented on SONVY. BNP Paribas began coverage on Sonova in a research report on Monday, October 20th. They issued an “underperform” rating on the stock. Zacks Research cut shares of Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Rothschild Redb raised shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sonova currently has an average rating of “Hold”.

Sonova Stock Performance

Shares of SONVY stock opened at $47.75 on Tuesday. The business has a fifty day moving average of $55.12 and a 200 day moving average of $58.16. Sonova has a 1 year low of $47.55 and a 1 year high of $71.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.96 and a current ratio of 1.27.

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.