Cochlear (COH) Upgraded to “Buy” by Goldman Sachs Group

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Goldman Sachs Group upgraded shares of Cochlear (ASX:COH) to a buy rating in a research note issued to investors on Thursday.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank raised shares of Cochlear to a buy rating in a research note on Thursday. Jefferies Financial Group set a $53.00 target price on shares of Cochlear and gave the company a buy rating in a research note on Thursday.

COH opened at A$166.03 ($117.75) on Thursday. Cochlear has a fifty-two week low of A$129.18 ($91.62) and a fifty-two week high of A$192.80 ($136.74). The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 24.18.

In related news, insider Dig Howitt sold 5,000 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of A$175.23 ($124.28), for a total transaction of A$876,150.00 ($621,382.98).

Cochlear Company Profile

Cochlear Limited provides implantable hearing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers cochlear implants, including Nucleus 7 and Kanso sound processors; Carina middle-ear implants and accessories; and Baha bone conduction implants, such as Baha attract system, Baha connect system, Baha softband, Baha 5 sound processor, Baha 5 power, Baha 5 superpower, other sound processors, and wireless accessories.

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