UBS Group upgraded shares of Porsche Automobil (OTCMKTS:POAHY – Free Report) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.
Porsche Automobil Stock Performance
Shares of POAHY opened at $3.51 on Monday. The stock has a 50-day moving average of $3.67 and a two-hundred day moving average of $4.04. Porsche Automobil has a one year low of $3.44 and a one year high of $4.79. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18.
About Porsche Automobil
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.
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