Sonova Holding Ag (NASDAQ:SONVY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $39.00 target price 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 (NASDAQ SONVY) opened at 34.72 on Friday. The company has a market capitalization of $11.34 billion and a PE ratio of 31.28. The firm’s 50-day moving average is $33.41 and its 200 day moving average is $31.16. Sonova Holding Ag has a 12 month low of $22.70 and a 12 month high of $35.53.

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