Sonova Holding (OTCMKTS:SONVY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Sonova Holding (OTCMKTS:SONVY) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have commented on the company. Morgan Stanley upgraded Sonova from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group raised Sonova from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup restated a “sell” rating on shares of Sonova in a research report on Friday, July 24th. Finally, UBS Group upgraded Sonova from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd.

Sonova Stock Performance

Shares of SONVY stock opened at $64.12 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.75. Sonova has a fifty-two week low of $42.26 and a fifty-two week high of $64.52. The business has a fifty day simple moving average of $58.79 and a 200-day simple moving average of $52.28.

Sonova Company Profile

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.