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

Porsche Automobil (OTCMKTS:POAHY) was upgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and 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 research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Porsche Automobil Price Performance

OTCMKTS POAHY opened at $3.52 on Thursday. Porsche Automobil has a fifty-two week low of $3.41 and a fifty-two week high of $4.79. The stock’s 50-day moving average is $3.67 and its two-hundred day moving average is $4.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 9.94 and a current ratio of 9.94.

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.