Japan Tob (OTCMKTS:JAPAY) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Japan Tob (OTCMKTS:JAPAY) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

Separately, Barclays reaffirmed an “underweight” rating and set a $17.00 price target on shares of Japan Tob in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Japan Tob Price Performance

Shares of OTCMKTS:JAPAY opened at $18.16 on Wednesday. The company’s fifty day moving average price is $18.41 and its 200-day moving average price is $16.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.95 and a quick ratio of 1.36. The firm has a market capitalization of $64.49 billion, a price-to-earnings ratio of 19.96 and a beta of 0.35. Japan Tob has a one year low of $11.91 and a one year high of $19.51.

About Japan Tob

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).