Zacks Investment Research Downgrades VOLKSWAGEN AG/ADR (VWAGY) to Sell

Zacks Investment Research cut shares of VOLKSWAGEN AG/ADR (OTCMKTS:VWAGY) from a hold rating to a sell rating in a research note issued to investors on Saturday.

According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “

Shares of VWAGY opened at $16.16 on Friday. VOLKSWAGEN AG/ADR has a 52-week low of $14.70 and a 52-week high of $17.95. The company has a market capitalization of $81.91 billion and a price-to-earnings ratio of 6.31. The company has a current ratio of 1.03, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Further Reading: Strangles

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