Sonova (OTCMKTS:SONVY) Raised to Moderate Buy at Royal Bank Of Canada

Sonova (OTCMKTS:SONVY) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Rothschild Redb upgraded Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Zacks Research downgraded Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, BNP Paribas started coverage on Sonova in a report on Monday, October 20th. They set an “underperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sonova Price Performance

SONVY stock opened at $47.75 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $55.12 and a 200 day simple moving average of $58.16. Sonova has a 1 year low of $47.55 and a 1 year high of $71.50.

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.