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

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) have received a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

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

Volkswagen Stock Down 3.4%

Shares of OTCMKTS:VWAGY opened at $10.29 on Monday. The firm has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $11.61. Volkswagen has a 52 week low of $9.20 and a 52 week high of $12.83. The stock has a market capitalization of $51.58 billion, a P/E ratio of 6.91, a PEG ratio of 0.89 and a beta of 1.14.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Tuesday, March 10th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.14. Volkswagen had a net margin of 2.11% and a return on equity of 3.46%. The firm had revenue of $99.97 billion for the quarter, compared to analysts’ expectations of $84.92 billion. On average, analysts expect that Volkswagen will post 2.53 earnings per share for the current 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.