Sonova (OTCMKTS:SONVY) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Sonova (OTCMKTS:SONVY) to a moderate buy rating in a report issued on Tuesday morning,Zacks.com reports.

SONVY has been the topic of several other reports. Zacks Research cut Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Rothschild Redb upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, BNP Paribas began coverage on shares of Sonova in a research report on Monday, October 20th. They set an “underperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sonova presently has a consensus rating of “Hold”.

Sonova Stock Down 1.4%

Shares of Sonova stock opened at $47.75 on Tuesday. Sonova has a 52 week low of $47.55 and a 52 week high of $71.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 0.96. The business has a 50 day moving average price of $55.12 and a 200-day moving average price of $58.16.

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.