Panasonic (OTCMKTS:PCRFY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Panasonic (OTCMKTS:PCRFY) from a hold rating to a buy rating in a research report released on Tuesday, Zacks.com reports. The firm currently has $14.00 price objective on the stock.

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. “

Separately, Mizuho upgraded shares of Panasonic from a neutral rating to a buy rating in a report on Friday, October 8th.

Shares of OTCMKTS PCRFY opened at $11.97 on Tuesday. The company’s 50 day simple moving average is $12.39 and its 200 day simple moving average is $12.01. Panasonic has a fifty-two week low of $10.45 and a fifty-two week high of $14.55. The firm has a market capitalization of $29.37 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.09.

About Panasonic

Panasonic Corp. engages in the development, manufacture, and sale of electrical products. It operates through the following segments: Appliances, Life Solutions, Connected Solutions, Automotive, Industrial Solutions, and Others. The Appliances segment provides consumer electronics such as flat panels televisions, refrigerators, washing machines, microwave ovens, video equipment, rice cookers, and vacuum cleaners.

Recommended Story: Does a trade war provide a risk to the global economy?

Get a free copy of the Zacks research report on Panasonic (PCRFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Panasonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panasonic and related companies with MarketBeat.com's FREE daily email newsletter.