Jefferies Financial Group Initiates Coverage on COCHLEAR LTD/ADR (OTCMKTS:CHEOY)

Stock analysts at Jefferies Financial Group initiated coverage on shares of COCHLEAR LTD/ADR (OTCMKTS:CHEOY) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “hold” rating on the stock.

Separately, Citigroup lowered shares of COCHLEAR LTD/ADR from a “neutral” rating to a “sell” rating in a report on Wednesday, July 17th.

Shares of OTCMKTS:CHEOY opened at $73.42 on Monday. The company’s fifty day moving average price is $70.99 and its 200-day moving average price is $70.38. COCHLEAR LTD/ADR has a one year low of $56.58 and a one year high of $78.37.

About COCHLEAR LTD/ADR

Cochlear Limited provides implantable hearing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers cochlear implants, including Nucleus 7 and Kanso sound processors; Carina middle-ear implants and accessories; and Baha bone conduction implants, such as Baha attract system, Baha connect system, Baha softband, Baha 5 sound processor, Baha 5 power, Baha 5 superpower, other sound processors, and wireless accessories.

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