Zacks Investment Research Upgrades Capcom (OTCMKTS:CCOEY) to “Buy”

Capcom (OTCMKTS:CCOEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, reports. The brokerage presently has a $17.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.71% from the stock’s current price.

According to Zacks, “CAPCOM CO., LTD. plans, develops, manufactures, sells and distributes consumer video game. Its operating segment consists of Digital Contents, Arcade Operations, Amusement Equipments and Other Businesses segments. Digital Contents segment develops and sells household games and online games and contents for cell phones. Amusement Equipment segment develops, manufactures and sells game machine for store operators. Arcade Operations segment operates Plaza Capcom amusement facilities in commercial complexes as well as hosts various events. Others segment involves the character-related license business and the real estate leasing business. CAPCOM CO., LTD. is headquartered in Osaka, Japan. “

Shares of CCOEY stock opened at $14.82 on Wednesday. The firm has a 50 day moving average price of $14.19 and a two-hundred day moving average price of $17.84. The company has a quick ratio of 3.04, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.33 billion, a PE ratio of 26.95 and a beta of -0.43. Capcom has a 12-month low of $9.48 and a 12-month high of $17.89.

Capcom Company Profile

CAPCOM Co, Ltd. engages in the planning, development, manufacture, sale and distribution of home video, online, mobile and arcade games. It operates through the following segments: Digital Content, Arcade Operations, Amusement Equipment, and Others. The Digital Content segment develops and sells home video, online and mobile games.

Read More: Hold Rating

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