Sonova (OTCMKTS:SONVY) Rating Increased to Strong-Buy at Zacks Investment Research

Sonova (OTCMKTS:SONVY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports. The brokerage currently has a $83.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 15.70% from the company’s current price.

According to Zacks, “Sonova Holding AG is a manufacturer of hearing care solutions. The company’s operating business brands consists of Phonak, Unitron, Advanced Bionics and AudioNova. Its product portfolio consists of hearing instruments and cochlear implants to wireless communication solutions. Sonova Holding AG is headquartered in Stäfa, Switzerland. “

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley restated an “equal weight” rating on shares of Sonova in a research report on Tuesday. Exane BNP Paribas raised shares of Sonova from an “underperform” rating to an “outperform” rating in a research note on Thursday, February 18th. The Goldman Sachs Group raised shares of Sonova from a “sell” rating to a “neutral” rating in a research note on Wednesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sonova in a research note on Wednesday, May 19th. Finally, Berenberg Bank reissued a “hold” rating on shares of Sonova in a research report on Thursday, June 3rd. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Sonova presently has a consensus rating of “Buy” and a consensus target price of $83.00.

SONVY opened at $71.74 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.26 and a current ratio of 2.57. Sonova has a 12-month low of $39.63 and a 12-month high of $72.66. The stock has a market capitalization of $23.10 billion, a P/E ratio of 43.21 and a beta of 0.74. The business has a 50 day simple moving average of $61.97.

Sonova Company Profile

Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The company offers wireless communication products, rechargeable hearing aids, and professional audiological care services.

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