Panasonic (OTCMKTS:PCRFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $16.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.14% from the company’s current price.

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. “

Separately, ValuEngine lowered shares of Panasonic from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Panasonic (OTCMKTS:PCRFY) opened at $14.80 on Tuesday. Panasonic has a 1 year low of $10.05 and a 1 year high of $15.78. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $34,187.83, a PE ratio of 25.51, a PEG ratio of 0.83 and a beta of 1.43.

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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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