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

Volkswagen (OTCMKTS:VWAGYGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Friday, January 16th. Hsbc Global Res upgraded Volkswagen to a “strong-buy” rating in a research note on Tuesday, January 13th. HSBC restated a “buy” rating on shares of Volkswagen in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group started coverage on shares of Volkswagen in a research note on Sunday, November 23rd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Read Our Latest Stock Analysis on VWAGY

Volkswagen Trading Down 0.2%

Shares of VWAGY traded down $0.03 on Monday, reaching $12.18. 59,577 shares of the company’s stock traded hands, compared to its average volume of 106,479. The stock’s 50 day simple moving average is $12.04 and its two-hundred day simple moving average is $11.52. The stock has a market cap of $61.06 billion, a PE ratio of 8.52, a PEG ratio of 1.06 and a beta of 1.15. Volkswagen has a 52-week low of $9.20 and a 52-week high of $12.83.

Volkswagen (OTCMKTS:VWAGYGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). The business had revenue of $93.67 billion during the quarter, compared to the consensus estimate of $78.07 billion. Volkswagen had a net margin of 1.99% and a return on equity of 3.26%. Analysts forecast that Volkswagen will post 2.53 earnings per share for the current year.

More Volkswagen News

Here are the key news stories impacting Volkswagen this week:

Volkswagen Company Profile

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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.

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Analyst Recommendations for Volkswagen (OTCMKTS:VWAGY)

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