Prosus (OTCMKTS:PROSY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Prosus (OTCMKTS:PROSY) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks reports.

A number of other equities analysts have also weighed in on PROSY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Prosus has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Prosus Trading Up 0.4%

OTCMKTS PROSY opened at $8.07 on Monday. Prosus has a 12 month low of $7.79 and a 12 month high of $14.70. The company’s 50 day simple moving average is $8.54 and its 200 day simple moving average is $8.98.

Prosus Company Profile

Prosus N.V. is a global consumer-internet and technology investment group headquartered in the Netherlands. The company develops, operates and invests in businesses serving consumers and merchants through digital platforms, with activities spanning food delivery, online classifieds, fintech, education technology and other internet services.

Its portfolio has included businesses such as iFood, a food-delivery platform in Latin America; OLX, an online classifieds marketplace operating across multiple international markets; and PayU, a digital payments and financial-services platform.