DENSO CORP/ADR (OTCMKTS:DNZOY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of DENSO CORP/ADR (OTCMKTS:DNZOY) from a sell rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Denso Corporation is the global manufacturer and supplier of automotive technology, systems and auto parts. Its automotive supplies include advanced technology, systems and components in the areas of thermal, power train control, electric, electronics and information and safety. The Company’s product line includes body electronics, hybrid vehicle components, automatic identification products, industrial robots, programmable logic controllers; and products that provide engine management, climate control, driving control and safety. Products offered by Denso are: automotive air conditioning, heaters, cockpit modules, radiators, starters, alternators, concealed rear wipers, windshield wiper, washer systems, power windows, airbag sensing, lane keeping assist, electric power steering systems, battery ECU, DC-DC converters, integrated starter generators, electric compressors, car navigation systems, electronic toll collection systems, and data communication modules. Denso is headquartered in Kariya City, Japan. “

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. raised DENSO CORP/ADR from a neutral rating to an overweight rating in a report on Wednesday, July 17th. ValuEngine raised DENSO CORP/ADR from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised DENSO CORP/ADR from an equal weight rating to an overweight rating in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $24.00.

Shares of OTCMKTS DNZOY traded up $0.36 on Thursday, reaching $23.02. 7,050 shares of the company traded hands, compared to its average volume of 5,428. The stock has a market capitalization of $34.70 billion, a PE ratio of 15.01, a P/E/G ratio of 1.06 and a beta of 1.17. DENSO CORP/ADR has a fifty-two week low of $19.13 and a fifty-two week high of $23.91. The company has a 50 day moving average of $22.48 and a 200 day moving average of $21.37.

About DENSO CORP/ADR

DENSO Corporation manufactures and sells automotive components and systems, industrial products, and home appliances. It offers air-conditioning systems for cars and buses; truck refrigeration units; radiators and cooling systems; gasoline and diesel engine management systems; engine-related products; products for drive systems; hybrid and electric car drive systems, and power supply and related products; power supply and starting system parts; and small motor systems for automobiles.

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