Toshiba (OTCMKTS:TOSYY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Toshiba (OTCMKTS:TOSYY) from a strong sell rating to a hold rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Toshiba Corporation provides a full range of smart digital life products and consumer electronics, designed by the best and the brightest, and backed by millions invested in R & D. The Company’s segments include Energy and Infrastructure, which includes nuclear power generation systems, thermal power, hydroelectric power, and wind power. The Electronic Devices and Components, which includes small-signal devices, power devices, optoelectronic devices, storage devices and semiconductor manufacturing equipment. The Community Solutions, which includes broadcasting system, road equipment systems, water supply and sewerage systems, environmental system, elevators and light emitting diode lights. The Healthcare Systems and Services, which includes diagnostic x-ray systems and computerized tomography systems. The Lifestyle Products and Services, which includes personal computers, televisions, refrigerators, washing machines and home appliance repair services. “

Other research analysts have also issued research reports about the company. Citigroup assumed coverage on Toshiba in a report on Friday, February 19th. They set a neutral rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Toshiba from a neutral rating to an outperform rating in a report on Friday, March 19th. Finally, Smith Barney Citigroup raised Toshiba from a neutral rating to an outperform rating in a report on Friday, March 19th.

Shares of TOSYY stock opened at $21.29 on Thursday. The business’s fifty day simple moving average is $20.88. Toshiba has a 1-year low of $12.36 and a 1-year high of $23.60. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 17.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.20.

Toshiba Company Profile

Toshiba Corporation, together with its subsidiaries, provides electronic devices and storage solutions worldwide. It operates through seven segments: Energy Systems & Solutions, Infrastructure Systems & Solutions, Building Solutions, Retail & Printing Solutions, Electronic Devices & Storage Solutions, Digital Solutions, and Others.

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