Konica Minolta (OTCMKTS:KNCAY) Rating Increased to Buy at Zacks Investment Research

Konica Minolta (OTCMKTS:KNCAYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $8.75 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.52% from the company’s previous close.

According to Zacks, “Konica Minolta Holdings, Inc. is engaged in the manufacture and sale of imaging products including printers, lenses, and display materials. Its technologies business is in charge of the global deployment of office equipment, centering on multi-functional peripherals (MFPs), laser printers and digital printing systems. Its optics business offers high-value-added plastic and glass molded lenses, glass substrates for hard disk drives and display materials. Its healthcare business offers digital imaging technology. Its Sensing business provides customers with the products they need for precise measurements. Industrial Inkjet business offers high-performance printheads, multi-function inks, print units for label printing, and textile printing systems. Its Planetarium business is a comprehensive manufacturer of planetariums, from development and production of planetariums and projectors to show production and theater management. Konica Minolta Holdings, Inc. is headquartered in Tokyo, Japan. “

Shares of KNCAY opened at $7.99 on Tuesday. Konica Minolta has a 12 month low of $7.76 and a 12 month high of $11.81. The stock’s 50 day moving average is $8.43 and its two-hundred day moving average is $9.01. The firm has a market cap of $2.01 billion, a P/E ratio of 66.58 and a beta of 0.97.

About Konica Minolta (Get Rating)

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, the United States, Europe, China, other Asian countries, and internationally. The company develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as IT and printing solutions and services.

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