Volkswagen (OTCMKTS:VWAGY) Downgraded by Zacks Research to Strong Sell

Volkswagen (OTCMKTS:VWAGY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Volkswagen Stock Performance

Shares of VWAGY stock opened at $8.43 on Tuesday. The stock has a fifty day moving average price of $9.95 and a 200 day moving average price of $10.90. The stock has a market cap of $42.26 billion, a PE ratio of 5.98, a P/E/G ratio of 0.24 and a beta of 1.07. Volkswagen has a 1 year low of $8.07 and a 1 year high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last posted its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.11). The firm had revenue of $88.75 billion during the quarter, compared to analyst estimates of $91.84 billion. Volkswagen had a net margin of 1.96% and a return on equity of 3.18%. As a group, equities research analysts predict that Volkswagen will post 2.23 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.