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

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $11.10.

PROSY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. The Goldman Sachs Group began coverage on Prosus in a research note on Thursday, June 4th. They issued a “neutral” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th.

Prosus Stock Down 0.2%

Shares of PROSY stock opened at $8.24 on Friday. Prosus has a 12-month low of $8.08 and a 12-month high of $14.70. The business’s fifty day simple moving average is $8.84 and its 200-day simple moving average is $9.21.

About Prosus

Prosus N.V. is a global consumer internet and technology group headquartered in Amsterdam, the Netherlands. The company develops, operates and invests in technology businesses serving consumers and businesses through digital platforms, with activities spanning online classifieds, food delivery, payments and fintech, education technology, travel and other internet services.

Prosus’s portfolio has included businesses such as OLX, an online classifieds platform, and iFood, a food-delivery service operating in Latin America.