Berenberg Bank Downgrades Porsche Automobil (OTCMKTS:POAHY) to Hold

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

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

Porsche Automobil Price Performance

OTCMKTS POAHY opened at $3.73 on Monday. The business has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $4.02. Porsche Automobil has a 12 month low of $3.47 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.