Japan Tob (OTCMKTS:JAPAY) Rating Lowered to Hold at Zacks Research

Japan Tob (OTCMKTS:JAPAY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Barclays reissued an “underweight” rating and issued a $17.00 price objective on shares of Japan Tob in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Japan Tob currently has an average rating of “Hold” and an average price target of $17.00.

Japan Tob Stock Performance

OTCMKTS:JAPAY opened at $18.16 on Wednesday. The stock’s 50-day moving average is $18.41 and its 200-day moving average is $16.96. The stock has a market cap of $64.49 billion, a P/E ratio of 19.96 and a beta of 0.35. The company has a current ratio of 1.95, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. Japan Tob has a 1-year low of $11.91 and a 1-year high of $19.51.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed?food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).