Goldman Sachs Group Upgrades Panasonic (PCRFY) to Buy

Goldman Sachs Group upgraded shares of Panasonic (OTCMKTS:PCRFY) from a neutral rating to a buy rating in a research report report published on Friday morning, The Fly reports.

Several other brokerages have also issued reports on PCRFY. Zacks Investment Research raised Panasonic from a sell rating to a hold rating in a research report on Wednesday, November 15th. ValuEngine lowered Panasonic from a buy rating to a hold rating in a research report on Friday, December 1st.

Panasonic (OTCMKTS:PCRFY) opened at $15.83 on Friday. Panasonic has a 52-week low of $10.70 and a 52-week high of $16.07. The stock has a market capitalization of $37,600.00, a P/E ratio of 25.95, a PEG ratio of 0.82 and a beta of 1.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.81.

Panasonic (OTCMKTS:PCRFY) last announced its earnings results on Monday, February 5th. The company reported $0.31 earnings per share (EPS) for the quarter. Panasonic had a return on equity of 9.48% and a net margin of 2.22%. The firm had revenue of $18.20 billion during the quarter. research analysts expect 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.

The Fly

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