Toshiba (OTCMKTS:TOSYY) Rating Lowered to Hold at Zacks Investment Research

Toshiba (OTCMKTS:TOSYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Toshiba Corporation provides a full range of smart digital life products and consumer electronics, designed by the best and the brightest, and backed by millions invested in R & D. The Company’s segments include Energy and Infrastructure, which includes nuclear power generation systems, thermal power, hydroelectric power, and wind power. The Electronic Devices and Components, which includes small-signal devices, power devices, optoelectronic devices, storage devices and semiconductor manufacturing equipment. The Community Solutions, which includes broadcasting system, road equipment systems, water supply and sewerage systems, environmental system, elevators and light emitting diode lights. The Healthcare Systems and Services, which includes diagnostic x-ray systems and computerized tomography systems. The Lifestyle Products and Services, which includes personal computers, televisions, refrigerators, washing machines and home appliance repair services. “

Separately, ValuEngine lowered shares of Toshiba from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Shares of OTCMKTS TOSYY traded up $0.07 during trading on Wednesday, reaching $13.92. The company had a trading volume of 5,392 shares, compared to its average volume of 16,222. The company has a current ratio of 1.62, a quick ratio of 1.21 and a debt-to-equity ratio of 0.54. Toshiba has a twelve month low of $9.06 and a twelve month high of $18.11. The stock has a 50-day moving average price of $15.11 and a two-hundred day moving average price of $14.01. The stock has a market capitalization of $18.15 billion, a PE ratio of -14.50 and a beta of 1.02.

Toshiba (OTCMKTS:TOSYY) last announced its earnings results on Wednesday, August 12th. The company reported ($0.12) earnings per share for the quarter. Toshiba had a net margin of 0.48% and a return on equity of 3.54%. The firm had revenue of $5.55 billion during the quarter. On average, sell-side analysts predict that Toshiba will post 1.29 EPS for the current year.

Toshiba Company Profile

Toshiba Corporation, together with its subsidiaries, manufactures and markets electronic and electrical products and systems worldwide. It operates through six segments: Energy Systems & Solutions, Infrastructure Systems & Solutions, Retail & Printing Solutions, Storage & Electronic Devices Solutions, Industrial ICT Solutions, and Others.

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