Technicolor (OTCMKTS:TCLRY) Upgraded by Zacks Investment Research to “Buy”

Technicolor (OTCMKTS:TCLRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, reports. The brokerage presently has a $0.25 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 117.39% from the company’s current price.

According to Zacks, “Technicolor, formerly known as Thomson SA, serves as an international base of entertainment, software, and gaming customers. The Company is a leading provider of production, postproduction, and distribution services to content creators, network service providers and broadcasters. Technicolor engages in film processing; manufacture and distribution of DVDs (including Blu-ray Disc); and supplying set-top boxes and gateways. The Company also operates an Intellectual Property and Licensing business unit. “

Separately, Bryan, Garnier & Co began coverage on shares of Technicolor in a report on Wednesday, March 31st. They issued a “buy” rating for the company.

Technicolor stock opened at $0.12 on Thursday. The company’s 50 day simple moving average is $0.12 and its 200-day simple moving average is $0.14. Technicolor has a 1 year low of $0.01 and a 1 year high of $1.74. The company has a market capitalization of $47.66 million, a price-to-earnings ratio of -0.21 and a beta of 1.85.

About Technicolor

Technicolor SA develops video technologies, products, and services for the media and entertainment sectors worldwide. It operates through three segments: Production Services, DVD Services, and Connected Home. The Production Services segment offers visual effects (VFX) services, including pre-visualization, asset creation, texturing, animation, rigging, rotoscoping, lighting, match move, and compositing; computer-generated imagery animation solutions; and post production services, such as camera capture on the production set and creation of final distribution masters comprising on-set services, color correction, and VFX integration.

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