Kyocera (OTCMKTS:KYOCY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, Zacks Investment Research upgraded Kyocera from a “sell” rating to a “hold” rating and set a $67.00 price target for the company in a research note on Wednesday, September 12th.

Shares of KYOCY stock opened at $56.23 on Thursday. The company has a market capitalization of $22.06 billion, a P/E ratio of 27.98 and a beta of 0.82. Kyocera has a 1 year low of $53.79 and a 1 year high of $71.92.

Kyocera (OTCMKTS:KYOCY) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $3.17 billion during the quarter. Kyocera had a return on equity of 3.31% and a net margin of 5.15%. On average, research analysts predict that Kyocera will post 3.76 EPS for the current 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.

Further Reading: Price to Earnings Ratio (PE) Basics

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