Sonova Holding Ag (SONVY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Sonova Holding Ag (NASDAQ:SONVY) from a hold rating to a buy rating in a research note published on Saturday. They currently have $39.00 price target on the stock.

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. “

Shares of Sonova Holding Ag (SONVY) traded up 0.12% during midday trading on Friday, reaching $34.72. The company’s stock had a trading volume of 10,435 shares. Sonova Holding Ag has a one year low of $22.70 and a one year high of $35.53. The stock’s 50-day moving average is $33.41 and its 200-day moving average is $31.16. The company has a market capitalization of $11.34 billion and a P/E ratio of 31.28.

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