CochLear (OTCMKTS:CHEOY) Trading Up 1.9% – Should You Buy?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY)’s stock price was up 1.9% during mid-day trading on Monday . The company traded as high as $86.99 and last traded at $86.81. Approximately 17,911 shares were traded during trading, an increase of 13% from the average daily volume of 15,909 shares. The stock had previously closed at $85.20.

Analyst Ratings Changes

Several brokerages have commented on CHEOY. Canaccord Genuity Group upgraded CochLear from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Citigroup downgraded shares of CochLear to a “neutral” rating in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

CochLear Stock Performance

The company has a 50 day moving average of $90.73 and a 200-day moving average of $94.95.

About CochLear

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.