Kyocera (OTCMKTS:KYOCY) Stock Rating Lowered by Zacks Investment Research

Kyocera (OTCMKTS:KYOCY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Zacks.com reports.

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. “

Separately, ValuEngine cut shares of Kyocera from a “buy” rating to a “hold” rating in a report on Monday, April 1st.

Shares of KYOCY stock opened at $63.89 on Friday. Kyocera has a one year low of $47.32 and a one year high of $65.29. The stock has a market cap of $22.78 billion, a PE ratio of 24.76, a P/E/G ratio of 1.27 and a beta of 0.98.

Kyocera (OTCMKTS:KYOCY) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.60 EPS for the quarter. Kyocera had a net margin of 6.10% and a return on equity of 3.94%. The business had revenue of $3.72 billion for the quarter. On average, research analysts forecast that Kyocera will post 3.87 EPS for the current fiscal year.

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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