Deutsche Bank Upgrades Sony Corp (ADR) to Buy

Brokerage firm Deutsche Bank Upgrades its rating on Sony Corp (ADR)(NYSE:SNE). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Jul 6, 2016.

In a different note, On Apr 21, 2016, JP Morgan said it Downgrades its rating on Sony Corp (ADR). The shares have been rated ‘Neutral’ by the firm.

Sony Corp (ADR) (SNE) made into the market gainers list on Mondays trading session with the shares advancing 1.99% or 0.61 points. Due to strong positive momentum, the stock ended at $31.2, which is also near the day’s high of $31.33. The stock began the session at $31.06 and the volume stood at 19,84,610 shares. The 52-week high of the shares is $31.33 and the 52 week low is $19.9. The company has a current market capitalization of $39,357 M and it has 1,26,14,46,020 shares in outstanding.

Sony Corp (ADR)(SNE) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $16.14B. Analysts had an estimated revenue of $64.27B. Earnings per share were $-0.62.

Sony Corporation (Sony) is engaged in the development design manufacture and sale of various kinds of electronic equipment instruments and devices for consumer professional and industrial markets as well as game consoles and software. The Company’s segments include Mobile Communications Game & Network Services Imaging Products & Solutions Home Entertainment & Sound Devices Pictures Music Financial Services and All Other. Its manufacturing facilities are located in Asia including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sony’s products are marketed throughout the world by sales subsidiaries and unaffiliated distributors as well as direct sales through the Internet. Sony is engaged in the production acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. The Company also develops produces and distributes recorded music.

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