Sonova (OTCMKTS:SONVY) Rating Lowered to Hold at Zacks Research

Sonova (OTCMKTS:SONVY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on SONVY. Rothschild Redb raised shares of Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Sanford C. Bernstein raised shares of Sonova from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Finally, BNP Paribas initiated coverage on shares of Sonova in a report on Monday. They issued an “underperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Sonova has a consensus rating of “Reduce”.

Sonova Price Performance

Shares of SONVY stock opened at $57.28 on Wednesday. The firm has a 50 day moving average price of $57.13 and a two-hundred day moving average price of $58.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.96 and a current ratio of 1.27. Sonova has a 12-month low of $52.83 and a 12-month high of $77.56.

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.