Volkswagen (OTCMKTS:VWAGY) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Volkswagen (OTCMKTS:VWAGY) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks reports.

Several other analysts have also weighed in on VWAGY. Kepler Capital Markets lowered Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Volkswagen in a research report on Monday, July 27th. Finally, Citigroup reiterated a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Up 0.1%

VWAGY opened at $7.69 on Monday. The company has a market cap of $38.55 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.33 and a beta of 1.08. The company has a 50 day moving average of $8.72 and a two-hundred day moving average of $9.47. Volkswagen has a 52-week low of $7.56 and a 52-week high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $93.81 billion for the quarter, compared to analysts’ expectations of $92.92 billion. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%. Research analysts anticipate that Volkswagen will post 1.79 earnings per share for the current year.

About Volkswagen

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has developed into one of the world’s largest vehicle manufacturers and is listed in the United States through American depositary receipts under the symbol VWAGY.

The Volkswagen Group develops, manufactures and sells passenger cars, commercial vehicles, trucks and motorcycles. Its portfolio includes the Volkswagen, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini and Ducati brands, as well as Volkswagen Commercial Vehicles and the MAN and Scania truck businesses.