Porsche Automobil (OTCMKTS:POAHY) Downgraded by Kepler Capital Markets to “Reduce”

Kepler Capital Markets cut shares of Porsche Automobil (OTCMKTS:POAHY) from a hold rating to a reduce rating in a research report released on Monday morning, Marketbeat.com reports.

A number of other research analysts have also commented on the company. UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Porsche Automobil Stock Down 2.8%

Porsche Automobil stock opened at $3.10 on Monday. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 0.18. Porsche Automobil has a 1-year low of $3.01 and a 1-year high of $4.79. The firm has a 50-day moving average of $3.21 and a 200-day moving average of $3.44.

About Porsche Automobil

Porsche Automobil Holding SE is a Germany-based holding company focused on managing strategic investments in the automotive and mobility sectors. It is separate from Porsche AG, the sports-car manufacturer, although it has a significant indirect connection to the Porsche brand through its ownership interest in Volkswagen AG.

Porsche SE is the largest shareholder of Volkswagen AG and holds ordinary shares that provide substantial voting influence. Through Volkswagen, the company has indirect exposure to a broad portfolio of automotive brands, including Volkswagen, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and Ducati, as well as commercial vehicles and mobility-related businesses.