Panasonic (OTCMKTS:PCRFY) Lifted to “Neutral” at UBS Group

UBS Group upgraded shares of Panasonic (OTCMKTS:PCRFY) from a sell rating to a neutral rating in a report issued on Wednesday morning, Marketbeat Ratings reports.

Separately, Morgan Stanley initiated coverage on Panasonic in a research note on Thursday, July 25th. They set an equal weight rating for the company.

Panasonic Stock Down 1.3 %

PCRFY stock opened at $9.36 on Wednesday. The firm has a 50 day moving average of $9.36 and a 200 day moving average of $9.37. Panasonic has a 52 week low of $8.59 and a 52 week high of $12.75. The stock has a market capitalization of $21.85 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Panasonic Company Profile

Panasonic Holdings Corporation, together with its subsidiaries, research, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy. The Lifestyle segment offers refrigerators, microwave ovens, rice cookers, washing machines, lighting fixtures, vacuum cleaners, air-conditioners, air to water heat pump system, air purifiers/sterilizers, and freezing or refrigerating showcases, as well as ventilation and perflation equipment.