Kyocera Downgraded by Bank of America & JPMorgan Chase

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Date: Tuesday February 28, 2012 08:06:55 am
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    Kyocera Downgraded by Bank of America & JPMorgan Chase

    Kyocera  was downgraded by investment analysts at Bank of America  from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday.

    Separately, analysts at JPMorgan Chase & Co. downgraded shares of Kyocera from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, December 21st.Kyocera Corporation develops, produces and distributes a range of products for the information and communications market and environment and energy market worldwide. Kyocera develops, produces and distributes parts and devices for electronic equipment, such as printers and multifunctional peripherals, as well as consumer electronic equipment, such as mobile phone handsets. The Company categorizes its operations into seven segments: Fine Ceramic Parts Group, Semiconductor Parts Group, Applied Ceramic Products Group, Electronic Device Group, Telecommunications Equipment Group, Information Equipment Group, and Others. Its manufacturing and distribution operations are conducted worldwide. The Company’s customers include individuals, corporations, governments and governmental agencies.

    Kyocera opened at 87.81 on Thursday. Kyocera has a 1-year low of $78.15 and a 1-year high of $111.00. The stock has a 50-day moving average of $84.09 and a 200-day moving average of $86.70. The company has a market cap of $16.108 billion and a price-to-earnings ratio of 12.74.

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