Panasonic (PCRFY) Rating Increased to Buy at Goldman Sachs

Goldman Sachs upgraded shares of Panasonic (OTCMKTS:PCRFY) from a neutral rating to a buy rating in a report published on Friday, March 9th, The Fly reports.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Panasonic from a buy rating to a hold rating in a report on Wednesday, February 7th. ValuEngine downgraded Panasonic from a buy rating to a hold rating in a report on Friday, December 1st.

Shares of PCRFY stock opened at $14.96 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. Panasonic has a 1-year low of $10.70 and a 1-year high of $16.20. The firm has a market capitalization of $36,137.44, a PE ratio of 22.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26.

Panasonic (OTCMKTS:PCRFY) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.31 earnings per share for the quarter. Panasonic had a return on equity of 9.48% and a net margin of 2.22%. The firm had revenue of $18.20 billion during the quarter. sell-side analysts predict that Panasonic will post 0.78 earnings per share for the current year.

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About Panasonic

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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