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, Zacks.com reports. Zacks Investment Research currently has $62.00 target price 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 Kyocera stock opened at $55.67 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.48 and a quick ratio of 2.45. The firm has a fifty day moving average price of $55.20 and a 200 day moving average price of $58.37. Kyocera has a 1 year low of $47.20 and a 1 year high of $70.79. The stock 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.

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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