Panasonic (PCRFY) Stock Rating Upgraded by Zacks Investment Research

Panasonic (OTCMKTS:PCRFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday, Zacks.com 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. “

Separately, Nomura restated a “neutral” rating on shares of Panasonic in a research report on Tuesday, February 5th.

Panasonic stock opened at $8.20 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.15. Panasonic has a 12 month low of $8.05 and a 12 month high of $14.64. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.74 and a beta of 1.11.

About Panasonic

Panasonic Corp. engages in the development, manufacture, and sale of electrical products. It operates through the following segments: Appliances, Eco Solutions, Connected Solutions Company, Automotive and Industrial Systems, and Others. The Appliances segment develops and manufactures white goods such as vacuum cleaner, washing machine, refrigerator, and air conditioner; as well as health and beauty products.

See Also: Diversification in Investing

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.