Zacks Research Upgrades Volkswagen (OTCMKTS:VWAGY) to “Hold”

Volkswagen (OTCMKTS:VWAGY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Other equities research analysts have also issued research reports about the stock. Kepler Capital Markets lowered shares of Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Volkswagen in a research report on Monday, July 27th. Finally, Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Volkswagen presently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Up 0.1%

Shares of VWAGY opened at $7.69 on Monday. The stock’s 50-day moving average price is $8.72 and its 200 day moving average price is $9.47. The firm has a market capitalization of $38.55 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 0.33 and a beta of 1.08. Volkswagen has a 12-month low of $7.56 and a 12-month high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.30 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 the consensus estimate of $92.92 billion. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%. Equities research analysts expect that Volkswagen will post 1.79 EPS 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.