Panasonic (PCRFY) Raised to “Hold” 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. “

Other equities analysts also recently issued research reports about the company. Goldman Sachs upgraded Panasonic from a neutral rating to a buy rating in a report on Friday, March 9th. ValuEngine downgraded Panasonic from a strong-buy rating to a buy rating in a report on Wednesday, May 2nd.

Shares of Panasonic stock opened at $14.50 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market cap of $33.68 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 1.30 and a beta of 1.31. Panasonic has a 52 week low of $12.14 and a 52 week high of $16.20.

Panasonic (OTCMKTS:PCRFY) last announced its earnings results on Thursday, May 10th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $19.11 billion during the quarter. Panasonic had a return on equity of 12.68% and a net margin of 2.95%. equities analysts predict 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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