Konica Minolta (KNCAY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Konica Minolta (OTCMKTS:KNCAY) from a hold rating to a buy rating in a report published on Tuesday, January 16th. Zacks Investment Research currently has $23.00 target price on the stock.

According to Zacks, “Konica Minolta Holdings, Inc. is engaged in the manufacture and sale of imaging products including printers, lenses, and display materials. Its technologies business is in charge of the global deployment of office equipment, centering on multi-functional peripherals (MFPs), laser printers and digital printing systems. Its optics business offers high-value-added plastic and glass molded lenses, glass substrates for hard disk drives and display materials. Its healthcare business offers digital imaging technology. Its Sensing business provides customers with the products they need for precise measurements. Industrial Inkjet business offers high-performance printheads, multi-function inks, print units for label printing, and textile printing systems. Its Planetarium business is a comprehensive manufacturer of planetariums, from development and production of planetariums and projectors to show production and theater management. Konica Minolta Holdings, Inc. is headquartered in Tokyo, Japan. “

Shares of Konica Minolta (KNCAY) traded up $0.01 during midday trading on Tuesday, reaching $17.36. 1,606 shares of the company’s stock traded hands, compared to its average volume of 4,973. The company has a market capitalization of $4,360.61, a P/E ratio of 15.50 and a beta of 0.64. Konica Minolta has a twelve month low of $15.36 and a twelve month high of $20.71. The company has a current ratio of 2.11, a quick ratio of 1.48 and a debt-to-equity ratio of 0.28.

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About Konica Minolta

KONICA MINOLTA, INC. is a Japan-based company. The Company operates four business segments through its subsidiaries and associated companies. The Information Equipment segment manufactures and sells multifunction printers (MFPs), printers and related materials. This segment also provides solution services.

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