UBS Group Upgrades Panasonic (OTCMKTS:PCRFY) to Neutral

UBS Group upgraded shares of Panasonic (OTCMKTS:PCRFY) from a sell rating to a neutral rating in a research note published on Wednesday morning, Marketbeat Ratings reports.

Separately, Morgan Stanley started coverage on shares of Panasonic in a research report on Thursday, July 25th. They set an equal weight rating for the company.

Panasonic Price Performance

Shares of OTCMKTS PCRFY opened at $9.36 on Wednesday. The stock’s 50-day simple moving average is $9.36 and its 200-day simple moving average is $9.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39. The firm has a market capitalization of $21.85 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. Panasonic has a fifty-two week low of $8.59 and a fifty-two week 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.