Prosus (OTCMKTS:PROSY) Rating Lowered to Strong Sell at Zacks Research

Prosus (OTCMKTS:PROSY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.10.

Prosus Price Performance

OTCMKTS PROSY opened at $8.07 on Monday. The company’s 50 day moving average is $8.54 and its 200-day moving average is $8.98. Prosus has a 12-month low of $7.79 and a 12-month high of $14.70.

About Prosus

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

Its portfolio has included businesses such as iFood, a food-delivery platform in Latin America; OLX, an online classifieds marketplace operating across multiple international markets; and PayU, a digital payments and financial-services platform.