Japan Tob (OTCMKTS:JAPAY) Upgraded by Zacks Research to “Hold” Rating

Japan Tob (OTCMKTS:JAPAY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Japan Tob Stock Performance

OTCMKTS JAPAY opened at $20.17 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.93 and a quick ratio of 1.38. Japan Tob has a 1 year low of $14.02 and a 1 year high of $20.68. The company has a market capitalization of $71.62 billion, a PE ratio of 20.17 and a beta of 0.28. The company has a fifty day moving average of $18.66 and a two-hundred day moving average of $18.55.

Japan Tob (OTCMKTS:JAPAY) last released its quarterly earnings data on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.69 billion. As a group, analysts expect that Japan Tob will post 1.08 earnings per share for the current year.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).