Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY – Get Free Report)’s stock price reached a new 52-week low on Thursday. The company traded as low as $7.38 and last traded at $7.41, with a volume of 25,536 shares. The stock had previously closed at $7.68.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. Kepler Capital Markets lowered shares of Volkswagen from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Zacks Research upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
View Our Latest Report on VWAGY
Volkswagen Trading Down 0.5%
Volkswagen (OTCMKTS:VWAGY – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. The company had revenue of $93.81 billion during the quarter, compared to analyst estimates of $92.92 billion. On average, sell-side analysts expect that Volkswagen AG Unsponsored ADR will post 1.77 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.
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