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

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

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

Porsche Automobil Stock Up 2.2 %

Shares of POAHY opened at $3.71 on Tuesday. The firm’s 50 day moving average price is $3.67 and its 200 day moving average price is $4.13. Porsche Automobil has a twelve month low of $3.47 and a twelve month high of $5.58.

Porsche Automobil Company Profile

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.