Sonova Holding (OTCMKTS:SONVY) Receives Average Recommendation of “Reduce” from Brokerages

Sonova Holding (OTCMKTS:SONVY) has earned a consensus recommendation of “Reduce” from the eight research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company.

SONVY has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Kepler Capital Markets raised shares of Sonova from a “strong sell” rating to a “hold” rating in a research report on Friday, June 6th. HSBC lowered shares of Sonova from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, BNP Paribas lowered shares of Sonova from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, June 11th.

Sonova Trading Down 2.4%

Shares of OTCMKTS:SONVY opened at $59.86 on Wednesday. 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 has a 12 month low of $52.83 and a 12 month high of $77.56. The company has a 50-day moving average price of $61.73 and a 200 day moving average price of $63.56.

Sonova Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be issued a $0.6243 dividend. This is a positive change from Sonova’s previous dividend of $0.57. This represents a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 16th.

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.