Denso (OTCMKTS:DNZOY) Rating Lowered to “Hold” at Citigroup

Denso (OTCMKTS:DNZOY) was downgraded by investment analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Denso Stock Down 1.2%

OTCMKTS:DNZOY opened at $11.93 on Wednesday. Denso has a fifty-two week low of $11.39 and a fifty-two week high of $15.85. The stock has a market capitalization of $34.73 billion, a P/E ratio of 11.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91. The company’s 50-day simple moving average is $12.14 and its 200-day simple moving average is $13.19.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a net margin of 5.82% and a return on equity of 8.29%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. On average, equities analysts anticipate that Denso will post 0.95 earnings per share for the current fiscal year.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.