PT Astra International Tbk (OTCMKTS:PTAIY) Raised to Hold at Zacks Research

PT Astra International Tbk (OTCMKTS:PTAIY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

PT Astra International Tbk Stock Performance

Shares of OTCMKTS:PTAIY opened at $5.56 on Monday. The firm has a market capitalization of $11.25 billion and a P/E ratio of 0.00. The stock has a 50 day moving average price of $5.59 and a 200-day moving average price of $6.92. PT Astra International Tbk has a 52-week low of $5.02 and a 52-week high of $8.79.

About PT Astra International Tbk

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.