Sonova (OTCMKTS:SONVY) Cut to “Hold” at Barclays

Barclays downgraded shares of Sonova (OTCMKTS:SONVY) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group raised shares of Sonova to a “strong sell” rating in a research report on Tuesday, October 22nd. UBS Group raised Sonova to a “hold” rating in a research note on Tuesday, August 13th.

Sonova Trading Up 1.6 %

SONVY opened at $69.75 on Wednesday. The stock has a 50-day moving average of $72.40 and a 200 day moving average of $66.84. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. Sonova has a 12 month low of $54.18 and a 12 month high of $77.56.

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.