Zacks Investment Research Downgrades Panasonic (PCRFY) to Hold

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. “

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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.

PCRFY stock opened at $14.37 on Thursday. Panasonic has a twelve month low of $11.21 and a twelve month high of $16.20. The stock has a market cap of $33,352.28, a P/E ratio of 23.95, a PEG ratio of 0.74 and a beta of 1.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.14.

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.

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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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