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

Shares of Sonova Holding (OTCMKTS:SONVY – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

Several research firms have recently issued reports on SONVY. Morgan Stanley upgraded shares of Sonova from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 23rd. Citigroup reissued a “sell” rating on shares of Sonova in a research note on Friday, July 24th. UBS Group raised Sonova from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group upgraded shares of Sonova from a “neutral” rating to a “buy” rating in a research report on Thursday.

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Sonova Stock Up 2.1%

Shares of OTCMKTS SONVY opened at $61.81 on Tuesday. The firm’s 50-day simple moving average is $58.45 and its 200 day simple moving average is $51.99. Sonova has a fifty-two week low of $42.26 and a fifty-two week high of $61.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.75.

About Sonova

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Sonova Holding AG is a Switzerland-based hearing-care company that develops, manufactures and distributes solutions for people with hearing loss. Its products and services include hearing aids, cochlear implants, wireless communication systems and related accessories, as well as professional hearing-care services.

The company’s portfolio includes well-known brands such as Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care retail businesses in several markets, serving customers through audiology clinics, specialist retailers and other distribution channels.

Founded in 1947 and headquartered in Stäfa, Switzerland, Sonova serves customers through operations and sales networks across Europe, North America, Asia-Pacific and other international markets.

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