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The Cochlear Limited share price is up 25% this year

One of the biggest movers on the market this year has been the Cochlear Limited (ASX: COH) share price.

Since the turn of the year the shares of the implantable hearing solutions provider have gained approximately 25%.

By comparison, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has gained just 1.8%.

Why have its shares rallied?

Despite the fact that Chinese government tenders are expected to fall year-on-year, Cochlear pleased the market recently by reiterating its full-year guidance.

In FY 2017 Cochlear expects full-year net profit between $210 million and $225 million, which equates to growth of between 10% and 20% on the prior year.

Here’s why one Motley Fool contributor rates Cochlear as a hold presently.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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