Panasonic (OTCMKTS:PCRFY) Upgraded to Buy by Zacks Investment Research

Panasonic (OTCMKTS:PCRFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, December 26th. The brokerage currently has a $16.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 2.83% from the company’s current price.

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, ValuEngine lowered shares of Panasonic from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of Panasonic (OTCMKTS:PCRFY) opened at $15.56 on Tuesday. Panasonic has a 12-month low of $10.32 and a 12-month high of $15.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.14. The company has a market capitalization of $36,067.81, a PE ratio of 26.83, a PEG ratio of 0.84 and a beta of 1.44.

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Panasonic Company Profile

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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