Sonova (OTCMKTS:SONVY) Upgraded to Hold at Jefferies Financial Group

Sonova (OTCMKTS:SONVY) was upgraded by investment analysts at Jefferies Financial Group from a “moderate sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

SONVY has been the subject of several other research reports. Citigroup restated a “sell” rating on shares of Sonova in a research note on Friday, July 24th. Royal Bank Of Canada cut Sonova from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 6th. UBS Group cut Sonova from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, The Goldman Sachs Group upgraded Sonova from a “hold” rating to a “buy” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sonova presently has an average rating of “Hold”.

Sonova Price Performance

Sonova stock opened at $68.21 on Monday. Sonova has a fifty-two week low of $42.26 and a fifty-two week high of $71.91. The stock’s 50 day simple moving average is $62.84 and its two-hundred day simple moving average is $53.77. The company has a quick ratio of 1.43, a current ratio of 1.75 and a debt-to-equity ratio of 0.51.

Sonova Company Profile

Sonova is a Switzerland-based hearing care company headquartered in Stäfa. Founded in 1947 as AG für Elektroakustik, it has grown into a global provider of products and services for people with hearing loss. The company develops and sells hearing aids under brands including Phonak and Unitron, as well as cochlear implant systems through Advanced Bionics. Its offerings also include wireless hearing solutions and consumer audio products sold under the Sennheiser brand. Sonova serves customers worldwide through product sales and audiological care services, including hearing assessments, fittings and ongoing support.