Porsche Automobil (OTCMKTS:POAHY) Cut to “Hold” at Berenberg Bank

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

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

Porsche Automobil Stock Performance

Shares of Porsche Automobil stock opened at $3.73 on Monday. The stock’s 50-day moving average is $3.72 and its 200 day moving average is $4.02. Porsche Automobil has a one year low of $3.47 and a one year high of $5.58.

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.