CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Receives Consensus Rating of “Hold” from Brokerages

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) has earned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $117.00.

CHEOY has been the subject of several recent analyst reports. Royal Bank Of Canada lowered CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 target price for the company. in a report on Thursday, July 16th. Jefferies Financial Group cut CochLear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Canaccord Genuity Group downgraded shares of CochLear from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Zacks Research raised shares of CochLear from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd.

CochLear Stock Up 0.9%

Shares of OTCMKTS:CHEOY opened at $48.59 on Thursday. The business’s 50 day moving average is $45.41 and its 200 day moving average is $46.87. CochLear has a 12-month low of $31.82 and a 12-month high of $104.65.

CochLear Company Profile

Cochlear Limited is an Australian medical device company that develops, manufactures and supplies implantable hearing solutions. Its products are designed for people with severe to profound hearing loss who may not receive sufficient benefit from conventional hearing aids.

The company’s portfolio includes cochlear implants, bone conduction hearing implants, and related sound processors, accessories, software and support services. Cochlear also provides rehabilitation resources, clinical support and ongoing product services intended to help recipients use and maintain their hearing systems.

Founded in 1981 and headquartered in Sydney, Australia, Cochlear serves customers through a global network spanning Australia, New Zealand, North America, Europe, Asia and other international markets.