Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Given Consensus Rating of “Hold” by Brokerages

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) has been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have recently issued reports on VWAGY shares. Hsbc Global Res raised shares of Volkswagen to a “strong-buy” rating in a research report on Tuesday, January 13th. HSBC reiterated a “buy” rating on shares of Volkswagen in a research note on Tuesday, January 13th. The Goldman Sachs Group began coverage on shares of Volkswagen in a research report on Sunday, November 23rd. They set a “neutral” rating on the stock. Citigroup reiterated a “buy” rating on shares of Volkswagen in a research report on Friday, January 16th. Finally, Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st.

Volkswagen Trading Up 2.2%

Volkswagen stock opened at $12.25 on Friday. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.03 and a beta of 1.15. Volkswagen has a 12 month low of $9.20 and a 12 month high of $12.83. The stock’s 50 day moving average is $11.98 and its 200-day moving average is $11.48.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). Volkswagen had a net margin of 1.99% and a return on equity of 3.26%. The firm had revenue of $93.67 billion during the quarter, compared to the consensus estimate of $78.07 billion. As a group, equities research analysts predict that Volkswagen will post 2.53 earnings per share for the current fiscal year.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.