CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Receives $117.00 Average Target Price from Analysts

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) have received an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $117.00.

A number of research analysts recently issued reports on CHEOY shares. Zacks Research raised CochLear from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group downgraded shares of CochLear from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada lowered shares of CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 target price for the company. in a research note on Thursday, July 16th. Finally, UBS Group cut CochLear from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 23rd.

CochLear Stock Up 0.5%

Shares of OTCMKTS:CHEOY opened at $39.04 on Wednesday. The company has a 50 day moving average of $38.70 and a 200-day moving average of $57.13. CochLear has a twelve month low of $31.82 and a twelve month high of $105.60.

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.