Panasonic (PCRFY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Panasonic (OTCMKTS:PCRFY) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

PCRFY has been the topic of several other reports. Goldman Sachs raised Panasonic from a neutral rating to a buy rating in a report on Friday, March 9th. ValuEngine lowered Panasonic from a strong-buy rating to a buy rating in a report on Wednesday, May 2nd.

Panasonic opened at $14.60 on Tuesday, Marketbeat.com reports. The stock has a market cap of $34.09 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.32 and a beta of 1.31. Panasonic has a 52 week low of $11.95 and a 52 week high of $16.20. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50.

Panasonic (OTCMKTS:PCRFY) last posted its earnings results on Thursday, May 10th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $19.11 billion for the quarter. Panasonic had a return on equity of 12.68% and a net margin of 2.95%. research analysts anticipate that Panasonic will post 0.99 earnings per share for the current fiscal year.

Panasonic Company Profile

Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide. It operates through Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems, and Other segments. The Appliances segment offers air conditioners, TVs, refrigerators, washing machines, personal care products, microwave ovens, digital cameras, home audio equipment, video equipment, fixed-phones, vacuum cleaners, rice cookers, show cases, compressors, fuel cells, etc.

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