Volkswagen (OTCMKTS:VLKAY) was upgraded by stock analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday.
A number of other equities analysts have also recently commented on VLKAY. Sanford C. Bernstein reiterated a “market perform” rating on shares of Volkswagen in a report on Wednesday, September 20th. Zacks Investment Research cut Volkswagen from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Credit Suisse Group started coverage on Volkswagen in a report on Wednesday, October 18th. They set an “outperform” rating for the company. Societe Generale upgraded Volkswagen from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Deutsche Bank upgraded Volkswagen from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $45.00.
Volkswagen (OTCMKTS:VLKAY) opened at $44.34 on Friday. Volkswagen has a 1-year low of $28.90 and a 1-year high of $44.36. The firm has a market capitalization of $108,467.49, a PE ratio of 14.59, a PEG ratio of 0.64 and a beta of 1.74.
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Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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