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

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

Other equities research analysts also recently issued reports about the stock. UBS Group downgraded shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. The Goldman Sachs Group cut shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 14th. Finally, Citigroup raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report 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 company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Porsche Automobil Price Performance

POAHY opened at $3.73 on Monday. The stock’s fifty day moving average is $3.72 and its 200-day moving average is $4.02. Porsche Automobil has a one year low of $3.47 and a one year 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.