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 report released on Tuesday morning.

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 subject of several other reports. Goldman Sachs upgraded Panasonic from a neutral rating to a buy rating in a research note on Friday, March 9th. ValuEngine cut Panasonic from a strong-buy rating to a buy rating in a research note on Wednesday, May 2nd.

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

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

About Panasonic

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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