SONOVA HLDG AG/ADR (OTCMKTS:SONVY) Lifted to Buy at Jefferies Financial Group

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SONOVA HLDG AG/ADR (OTCMKTS:SONVY) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports. Jefferies Financial Group also issued estimates for SONOVA HLDG AG/ADR’s FY2023 earnings at $2.52 EPS.

Shares of OTCMKTS:SONVY opened at $44.13 on Tuesday. The company has a market capitalization of $14.19 billion, a PE ratio of 30.86 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.00. The business has a fifty day moving average price of $46.08 and a two-hundred day moving average price of $42.90. SONOVA HLDG AG/ADR has a 1 year low of $29.30 and a 1 year high of $47.68.

About SONOVA HLDG AG/ADR

Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It offers hearing instruments, cochlear implants, wireless communication products, and rechargeable hearing aids, as well as professional audiological care services. The company provides hearing instruments under the Phonak, Unitron, and Hansaton brand names; cochlear implants under the Advanced Bionics brand; and professional hearing care services under the AudioNova, Audium, AuditionSanté, Boots Hearingcare, Connect Hearing, Fiebing, Geers, Hansaton, Lapperre, Lindacher, Schoonenberg, Triton, and Vitakustik brands.

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