SONOVA HOLDING (OTCMKTS:SONVY) Receives Average Recommendation of “Hold” from Brokerages

Shares of SONOVA HOLDING (OTCMKTS:SONVY) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a strong buy recommendation to the company.

Several research analysts recently issued reports on the company. Sanford C. Bernstein raised SONOVA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Rothschild Redb upgraded SONOVA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. BNP Paribas initiated coverage on SONOVA in a research report on Monday. They set an “underperform” rating for the company. Finally, Zacks Research upgraded SONOVA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th.

SONOVA Stock Performance

SONVY stock opened at $57.28 on Tuesday. The company has a fifty day moving average price of $57.13 and a 200-day moving average price of $58.86. SONOVA has a 52-week low of $52.83 and a 52-week high of $77.56. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45.

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.