Panasonic (OTCMKTS:PCRFY) Upgraded to Neutral by UBS Group

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

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

Panasonic Trading Down 1.3 %

Shares of PCRFY opened at $9.36 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.94. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03. The company has a 50-day moving average of $9.36 and a 200 day moving average of $9.37. Panasonic has a 1-year low of $8.59 and a 1-year high of $12.75.

About Panasonic

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.