Porsche Automobil (OTCMKTS:POAHY) Stock Rating Lowered by Berenberg Bank

Porsche Automobil (OTCMKTS:POAHY) was downgraded by equities researchers at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on POAHY. Citigroup upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Finally, UBS Group lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Porsche Automobil Stock Performance

Shares of OTCMKTS POAHY opened at $3.73 on Monday. Porsche Automobil has a one year low of $3.47 and a one year high of $5.58. The business has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $4.02.

About Porsche Automobil

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.