Prosus (OTCMKTS:PROSY) Stock Bumped Down to Strong Sell by 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 on Monday, Zacks reports.

A number of other research analysts have also recently weighed in on PROSY. Deutsche Bank Aktiengesellschaft restated 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 research note on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.10.

Prosus Trading Up 0.4%

OTCMKTS PROSY opened at $8.07 on Monday. Prosus has a one year low of $7.79 and a one year high of $14.70. The stock has a 50-day moving average of $8.54 and a 200 day moving average of $8.98.

Prosus Company Profile

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.