Hitachi Kokusai Electric Inc (NASDAQ:HTKKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $50.00 target price on the stock.

According to Zacks, “Hitachi Kokusai Electric Inc. engages in the development of semiconductor manufacturing, broadcasting, video and communication systems. It operating segment consists of Video and Wireless Network Solutions; Eco and Thin Film Processing Solutions and Others. Video and Wireless Network Solutions segment manufactures wireless communication systems, information solutions, broadcasting systems, surveillance cameras and industrial video cameras. Eco and Thin Film Processing Solutions segment includes semiconductor manufacturing equipment. Others segment deals with facilities management, printing and temporary staffing services. Hitachi Kokusai Electric Inc. is headquartered in Tokyo, Japan. “

Hitachi Kokusai Electric (NASDAQ HTKKY) traded up 1.13% during mid-day trading on Wednesday, reaching $45.53. The company’s stock had a trading volume of 1,000 shares. The stock has a market capitalization of $2.34 billion and a P/E ratio of 34.86. Hitachi Kokusai Electric has a 12 month low of $44.25 and a 12 month high of $47.50.

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