Zacks Investment Research lowered shares of Panasonic (OTCMKTS:PCRFY) from a buy rating to a hold rating in a research report report published on Thursday.
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. “
A number of other research firms also recently weighed in on PCRFY. Goldman Sachs raised Panasonic from a neutral rating to a buy rating in a research report on Friday, March 9th. ValuEngine downgraded Panasonic from a buy rating to a hold rating in a research report on Friday, December 1st.
Panasonic (OTCMKTS:PCRFY) last released its 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 business had revenue of $18.20 billion for the quarter. sell-side analysts predict that Panasonic will post 0.78 earnings per share for the current fiscal year.
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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