ValuEngine Downgrades Panasonic (PCRFY) to Hold

Panasonic (OTCMKTS:PCRFY) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of Panasonic from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, August 18th.

Panasonic (PCRFY) opened at $14.62 on Friday. Panasonic has a one year low of $10.05 and a one year high of $15.78. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The firm has a market cap of $34,858.59, a price-to-earnings ratio of 25.90, a PEG ratio of 0.86 and a beta of 1.43.

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About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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