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

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

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

Porsche Automobil Price Performance

Porsche Automobil stock opened at $3.71 on Tuesday. Porsche Automobil has a twelve month low of $3.47 and a twelve month high of $5.58. The company’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $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.