Japan Tob (OTCMKTS:JAPAY) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Japan Tob (OTCMKTS:JAPAY) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Japan Tob Trading Up 0.9%

OTCMKTS:JAPAY opened at $20.17 on Monday. The company has a 50-day moving average price of $18.66 and a 200-day moving average price of $18.55. Japan Tob has a 12 month low of $14.02 and a 12 month high of $20.68. The company has a current ratio of 1.93, a quick ratio of 1.38 and a debt-to-equity ratio of 0.39. The stock has a market cap of $71.62 billion, a price-to-earnings ratio of 20.17 and a beta of 0.28.

Japan Tob (OTCMKTS:JAPAY) last posted its earnings results on Friday, May 8th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Equities analysts predict that Japan Tob will post 1.08 EPS for the current year.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).