Porsche Automobil (OTCMKTS:POAHY) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Porsche Automobil (OTCMKTS:POAHY) from a hold rating to a strong-buy rating in a research report report published on Wednesday, Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Barclays cut shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on Porsche Automobil in a research report on Tuesday, August 20th. They issued a “market perform” rating for the company.

Porsche Automobil Stock Performance

Shares of OTCMKTS:POAHY opened at $4.29 on Wednesday. The company’s fifty day moving average is $4.38 and its 200-day moving average is $4.71. Porsche Automobil has a 52 week low of $4.12 and a 52 week 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.