Panasonic Co. (NASDAQ:PCRFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Panasonic (NASDAQ PCRFY) traded down 0.15% on Wednesday, reaching $13.70. 4,057,648 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.51 and a 200 day moving average of $12.55. Panasonic has a 52 week low of $9.13 and a 52 week high of $14.05. The firm has a market capitalization of $31.95 billion and a P/E ratio of 19.74.

Panasonic (NASDAQ:PCRFY) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $16.79 billion for the quarter. Panasonic had a negative net margin of 0.33% and a negative return on equity of 6.00%. On average, equities analysts expect that Panasonic will post $0.44 EPS for the current fiscal year.

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About Panasonic

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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