Kyocera (OTCMKTS:KYOCY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Kyocera (OTCMKTS:KYOCY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $62.00 price objective on the stock.

According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “

Shares of OTCMKTS:KYOCY opened at $55.67 on Wednesday. The firm has a market cap of $20.18 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 6.58 and a beta of 0.60. The firm’s 50 day simple moving average is $55.20 and its 200-day simple moving average is $58.37. Kyocera has a one year low of $47.20 and a one year high of $70.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.45 and a current ratio of 3.48.

About Kyocera

Kyocera Corporation develops, produces, and distributes ceramic and electronic components, and telecommunications and information equipment worldwide. Its Industrial & Automotive Components Group segment offers fine ceramic components, automotive components, liquid crystal displays, and industrial tools to industrial machinery, automotive, general industrial, and construction markets.

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