Porsche Automobil (OTCMKTS:POAHY) Raised to Strong-Buy at Citigroup

Porsche Automobil (OTCMKTS:POAHY) was upgraded by investment analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.

POAHY has been the subject of a number of other research reports. Sanford C. Bernstein began coverage on shares of Porsche Automobil in a report on Tuesday, August 20th. They set a “market perform” rating for the company. Barclays lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Thursday, October 3rd.

Porsche Automobil Price Performance

Shares of POAHY opened at $4.31 on Wednesday. The firm has a 50-day moving average price of $4.38 and a 200 day moving average price of $4.71. Porsche Automobil has a 12-month low of $4.12 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.