Porsche Automobil (OTCMKTS:POAHY) Cut to Strong Sell at The Goldman Sachs Group

Porsche Automobil (OTCMKTS:POAHY) was downgraded by investment analysts at The Goldman Sachs Group from a “strong-buy” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. UBS Group cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Citigroup raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Porsche Automobil Price Performance

OTCMKTS POAHY opened at $3.71 on Tuesday. Porsche Automobil has a 52 week low of $3.47 and a 52 week high of $5.58. The stock has a fifty day moving average of $3.67 and a 200-day moving average of $4.13.

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.