Volkswagen (OTCMKTS:VWAGY) Stock Rating Lowered by Zacks Research

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

A number of other equities analysts have also weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, September 8th. Kepler Capital Markets downgraded Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Volkswagen currently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Performance

Shares of Volkswagen stock opened at $7.88 on Tuesday. The company has a market capitalization of $39.50 billion, a P/E ratio of 29.19, a P/E/G ratio of 0.34 and a beta of 1.08. The company has a fifty day moving average of $8.25 and a 200 day moving average of $9.73. Volkswagen has a fifty-two week low of $7.38 and a fifty-two week high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings results on Thursday, October 29th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($1.39). Volkswagen had a net margin of 0.41% and a return on equity of 0.65%. The business had revenue of $83.82 billion for the quarter, compared to the consensus estimate of $88.08 billion. Analysts forecast that Volkswagen will post 1.75 EPS for the current year.

About Volkswagen

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world’s largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.