Porsche Automobil (OTCMKTS:POAHY) Lowered to “Strong Sell” Rating by The Goldman Sachs Group

Porsche Automobil (OTCMKTS:POAHY) was downgraded by equities research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on POAHY. UBS Group lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Citigroup raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Porsche Automobil Trading Up 2.2 %

Shares of POAHY opened at $3.71 on Tuesday. Porsche Automobil has a one year low of $3.47 and a one year high of $5.58. The company has a 50-day moving average of $3.67 and a two-hundred day moving average of $4.13.

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.