Prosus (OTCMKTS:PROSY) Stock Rating Cut to “Strong Sell” at Zacks Research

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

Several other analysts have also recently issued reports on PROSY. Morgan Stanley restated an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Prosus Stock Performance

Shares of Prosus stock opened at $8.07 on Monday. The stock’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $8.98. Prosus has a 1-year low of $7.79 and a 1-year 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.