Sonova Holding (OTCMKTS:SONVY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Sonova Holding (OTCMKTS:SONVY) have earned an average rating of “Reduce” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company.

Several brokerages recently weighed in on SONVY. BNP Paribas cut shares of Sonova from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, June 11th. Kepler Capital Markets upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a research report on Friday, June 6th. Zacks Research upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 28th. Sanford C. Bernstein upgraded shares of Sonova from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Finally, Barclays lowered shares of Sonova from a “hold” rating to a “strong sell” rating in a research note on Friday, June 20th.

Sonova Price Performance

Shares of SONVY opened at $55.42 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45. Sonova has a 1 year low of $52.83 and a 1 year high of $77.56. The company has a 50 day simple moving average of $57.60 and a two-hundred day simple moving average of $59.43.

About Sonova

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.