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

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have recently issued reports on VWAGY. Citigroup reiterated a “buy” rating on shares of Volkswagen in a research note on Friday. Hsbc Global Res upgraded shares of 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. Zacks Research cut shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group assumed coverage on shares of Volkswagen in a report on Sunday, November 23rd. They set a “neutral” rating for the company.

Volkswagen Stock Performance

Shares of VWAGY stock opened at $11.40 on Friday. Volkswagen has a one year low of $9.20 and a one year high of $12.83. The firm has a market capitalization of $57.15 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a 50 day moving average price of $11.96 and a 200 day moving average price of $11.48.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.12). Volkswagen had a net margin of 1.99% and a return on equity of 3.26%. The firm had revenue of $93.67 billion during the quarter, compared to analyst estimates of $78.07 billion. As a group, equities analysts forecast that Volkswagen will post 2.53 EPS for the current fiscal 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.