CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Given Consensus Recommendation of “Hold” by Analysts

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) have been given a consensus rating of “Hold” by the six research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $117.00.

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

CochLear Stock Performance

Shares of CHEOY stock opened at $48.51 on Friday. The company’s 50-day simple moving average is $42.63 and its two-hundred day simple moving average is $50.67. CochLear has a one year low of $31.82 and a one year high of $104.65.

About CochLear

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.