CochLear (OTCMKTS:CHEOY) Shares Gap Up – Still a Buy?

by · The Cerbat Gem

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $35.12, but opened at $37.5040. CochLear shares last traded at $37.5040, with a volume of 75,184 shares.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHEOY. UBS Group downgraded shares of CochLear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research raised shares of CochLear to a “hold” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, CochLear presently has an average rating of “Moderate Buy”.

Read Our Latest Report on CHEOY

CochLear Price Performance

The company has a fifty day moving average price of $46.89 and a two-hundred day moving average price of $70.67.

CochLear Company Profile

(Get Free Report)

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.

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