Porsche Automobil (OTCMKTS:POAHY) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Porsche Automobil (OTCMKTS:POAHY) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Separately, UBS Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Porsche Automobil Price Performance

POAHY opened at $3.52 on Thursday. Porsche Automobil has a 1-year low of $3.41 and a 1-year high of $4.79. The company has a 50 day simple moving average of $3.67 and a two-hundred day simple moving average of $4.03. The company has a current ratio of 9.94, a quick 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.