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

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages recently commented on VWAGY. The Goldman Sachs Group began coverage on shares of Volkswagen in a report on Sunday, November 23rd. They issued a “neutral” rating for the company. Zacks Research raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. HSBC reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, January 13th. Finally, Citigroup reiterated a “buy” rating on shares of Volkswagen in a research note on Friday, January 16th.

Volkswagen Trading Down 0.5%

Shares of VWAGY opened at $12.29 on Thursday. The firm has a market cap of $61.61 billion, a P/E ratio of 8.59, a PEG ratio of 1.03 and a beta of 1.16. 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 $12.22 and its two-hundred day moving average is $11.60.

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.