Demant A/S (OTCMKTS:WILYY) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Demant A/S (OTCMKTS:WILYY) from a strong-buy rating to a hold rating in a report published on Monday,Zacks reports.

A number of other equities analysts also recently commented on WILYY. Zacks Research downgraded shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. UBS Group lowered shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Sanford C. Bernstein lowered shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Demant A/S presently has an average rating of “Moderate Buy”.

Demant A/S Stock Down 5.4%

Shares of WILYY opened at $27.60 on Monday. Demant A/S has a fifty-two week low of $13.45 and a fifty-two week high of $29.41. The firm’s 50 day moving average price is $25.30 and its 200 day moving average price is $19.75.

Demant A/S Company Profile

Demant A/S is a Denmark-based hearing healthcare company that develops and sells hearing aids, audiological diagnostic equipment, and related services. Its product portfolio includes hearing aids under brands such as Oticon and Bernafon, as well as equipment for hearing and balance assessment through Interacoustics. The company also operates hearing care businesses that provide hearing tests, fittings, and ongoing support to consumers. Through its products and services, Demant serves hearing care professionals and customers in markets around the world.