Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts have issued reports on VWAGY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Citigroup reiterated a “buy” rating on shares of Volkswagen in a research note on Tuesday, June 23rd.

Volkswagen Price Performance

Shares of VWAGY stock opened at $8.81 on Friday. The company has a 50 day moving average price of $8.79 and a 200-day moving average price of $10.12. Volkswagen has a 52 week low of $8.07 and a 52 week high of $12.83. The firm has a market capitalization of $44.16 billion, a PE ratio of 7.22, a P/E/G ratio of 0.37 and a beta of 1.06.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The firm had revenue of $93.81 billion during the quarter, compared to analysts’ expectations of $92.92 billion. Volkswagen had a return on equity of 2.74% and a net margin of 1.68%. Analysts anticipate that Volkswagen will post 1.86 earnings per share for the current 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.