Zacks Research Upgrades PT Astra International Tbk (OTCMKTS:PTAIY) to Hold

PT Astra International Tbk (OTCMKTS:PTAIY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

PT Astra International Tbk Stock Up 0.9%

PT Astra International Tbk stock opened at $5.56 on Monday. The company’s 50-day moving average price is $5.59 and its 200-day moving average price is $6.92. PT Astra International Tbk has a twelve month low of $5.02 and a twelve month high of $8.79. The company has a market cap of $11.25 billion and a PE ratio of 0.00.

PT Astra International Tbk Company Profile

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.