Porsche Automobil (OTCMKTS:POAHY) Lowered to Strong Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Porsche Automobil (OTCMKTS:POAHY) from a strong-buy rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on POAHY. Citigroup raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. UBS Group downgraded Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Finally, Barclays cut 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 given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Porsche Automobil presently has an average rating of “Hold”.

Porsche Automobil Price Performance

Shares of POAHY opened at $3.71 on Tuesday. Porsche Automobil has a 1 year low of $3.47 and a 1 year high of $5.58. The company’s 50 day simple moving average is $3.66 and its 200 day simple moving average is $4.13.

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.