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 research note issued to investors on Monday,Zacks.com reports.

POAHY has been the topic of several other reports. UBS Group lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. The Goldman Sachs Group downgraded shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, Citigroup upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Porsche Automobil Trading Up 0.3 %

Shares of OTCMKTS:POAHY opened at $3.73 on Monday. The business’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $4.02. Porsche Automobil has a 12-month low of $3.47 and a 12-month high of $5.58.

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.