Kepler Capital Markets Downgrades Porsche Automobil (OTCMKTS:POAHY) to Hold

Kepler Capital Markets cut shares of Porsche Automobil (OTCMKTS:POAHY - Free Report) from a strong-buy rating to a hold rating in a report published on Thursday, May 15th,Zacks.com reports.

POAHY has been the topic of several other research reports. Berenberg Bank lowered shares of Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. DZ Bank lowered Porsche Automobil from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Hsbc Global Res raised Porsche Automobil from a "moderate sell" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Barclays raised Porsche Automobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Porsche Automobil presently has an average rating of "Hold".

Porsche Automobil Trading Down 1.1%

OTCMKTS POAHY traded down $0.05 during trading on Thursday, reaching $4.16. 99,439 shares of the company's stock were exchanged, compared to its average volume of 306,297. Porsche Automobil has a fifty-two week low of $3.30 and a fifty-two week high of $5.47. The company's fifty day simple moving average is $3.92 and its 200-day simple moving average is $3.83.

Porsche Automobil Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, May 28th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a dividend yield of 2.69%.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.