CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Receives Average Rating of “Hold” from Analysts

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $117.00.

CHEOY has been the subject of several research analyst reports. Jefferies Financial Group downgraded CochLear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada downgraded shares of CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 price target for the company. in a research report on Thursday, July 16th. Zacks Research upgraded shares of CochLear from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Canaccord Genuity Group downgraded shares of CochLear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th.

CochLear Price Performance

Shares of OTCMKTS CHEOY opened at $48.44 on Thursday. The business has a 50-day moving average price of $45.06 and a 200 day moving average price of $47.30. CochLear has a 52-week low of $31.82 and a 52-week high of $104.65.

CochLear Company Profile

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.