Volkswagen (VLKAY) Upgraded by Deutsche Bank to “Buy”

Deutsche Bank upgraded shares of Volkswagen (OTCMKTS:VLKAY) from a hold rating to a buy rating in a report released on Thursday morning.

VLKAY has been the subject of several other research reports. Zacks Investment Research upgraded shares of Volkswagen from a hold rating to a buy rating and set a $39.00 price objective for the company in a research note on Saturday, October 21st. Societe Generale upgraded shares of Volkswagen from a hold rating to a buy rating in a research report on Tuesday, October 31st. Credit Suisse Group started coverage on shares of Volkswagen in a research report on Wednesday, October 18th. They issued an outperform rating for the company. Finally, Sanford C. Bernstein restated a market perform rating on shares of Volkswagen in a research report on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $39.00.

Shares of Volkswagen (VLKAY) traded up $0.50 during trading on Thursday, reaching $42.97. 185,533 shares of the company’s stock traded hands, compared to its average volume of 151,046. Volkswagen has a twelve month low of $28.90 and a twelve month high of $43.08. The firm has a market cap of $106,020.00, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.61 and a beta of 1.79.

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About Volkswagen

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

Analyst Recommendations for Volkswagen (OTCMKTS:VLKAY)

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