Royal Bank of Canada Downgrades ConvaTec Group (OTCMKTS:CNVVY) to Hold

ConvaTec Group (OTCMKTS:CNVVY) was downgraded by research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Peel Hunt raised ConvaTec Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

ConvaTec Group Stock Down 0.7%

CNVVY stock opened at $15.99 on Monday. ConvaTec Group has a 12-month low of $10.77 and a 12-month high of $16.22. The stock’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $12.92.

ConvaTec Group Company Profile

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.