Zacks Investment Research Upgrades Toshiba (OTCMKTS:TOSYY) to Buy


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Toshiba (OTCMKTS:TOSYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The brokerage currently has a $16.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 8.33% from the company’s previous close.

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. “

Separately, ValuEngine lowered Toshiba from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th.

Shares of OTCMKTS TOSYY opened at $14.77 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.21 and a current ratio of 1.62. Toshiba has a fifty-two week low of $9.06 and a fifty-two week high of $18.11. The firm has a market capitalization of $19.26 billion, a PE ratio of -15.39 and a beta of 1.00. The stock’s 50-day simple moving average is $14.39 and its 200-day simple moving average is $14.50.

About Toshiba

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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