Porsche Automobil (OTCMKTS:POAHY) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

Porsche Automobil (OTCMKTS:POAHY) was upgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, UBS Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Porsche Automobil Stock Up 2.0%

Shares of OTCMKTS:POAHY opened at $3.52 on Thursday. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 0.18. Porsche Automobil has a 1 year low of $3.41 and a 1 year high of $4.79. The business has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $4.03.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.