Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.10.

Several brokerages have recently weighed in on PROSY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd. Zacks Research upgraded Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group initiated coverage on Prosus in a report on Thursday, June 4th. They set a “neutral” rating for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th.

Prosus Trading Down 0.2%

Prosus stock opened at $8.58 on Wednesday. The firm has a 50 day simple moving average of $8.97 and a 200 day simple moving average of $9.53. Prosus has a 1-year low of $8.30 and a 1-year high of $14.70.

About Prosus

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e‑commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long‑term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company’s portfolio includes a mix of majority‑owned operating businesses and minority stakes in high‑growth internet companies.