Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $36.73, but opened at $39.20. CochLear shares last traded at $39.20, with a volume of 455 shares changing hands.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. UBS Group downgraded CochLear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research cut shares of CochLear from a “hold” rating to a “strong sell” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on CHEOY
CochLear Trading Up 3.8%
CochLear Company Profile
Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.
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