Porsche Automobil (OTCMKTS:POAHY) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank lowered shares of Porsche Automobil (OTCMKTS:POAHY) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group cut Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 14th. Citigroup raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, UBS Group lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Porsche Automobil Stock Performance

OTCMKTS:POAHY opened at $3.73 on Monday. Porsche Automobil has a 52 week low of $3.47 and a 52 week high of $5.58. The stock’s fifty day moving average is $3.72 and its two-hundred day moving average is $4.02.

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.