Panasonic (OTCMKTS:PCRFY) Stock Rating Upgraded by Zacks Investment Research

Panasonic (OTCMKTS:PCRFYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, reports.

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. “

OTCMKTS:PCRFY opened at $9.27 on Friday. Panasonic has a 52 week low of $8.61 and a 52 week high of $13.66. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 0.46 and a beta of 0.80. The firm’s 50-day simple moving average is $9.13 and its 200 day simple moving average is $10.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.90 and a current ratio of 1.29.

Panasonic Company Profile (Get Rating)

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

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