Volkswagen (OTCMKTS:VWAGY) Stock Rating Lowered by Zacks Research

Volkswagen (OTCMKTS:VWAGY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Volkswagen has a consensus rating of “Moderate Buy”.

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Volkswagen Stock Performance

Shares of VWAGY opened at $8.43 on Tuesday. Volkswagen has a fifty-two week low of $8.07 and a fifty-two week high of $12.83. The firm has a 50 day moving average price of $9.95 and a 200-day moving average price of $10.90. The firm has a market cap of $42.26 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.24 and a beta of 1.07.

Volkswagen (OTCMKTS:VWAGY – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.11). The company had revenue of $88.75 billion for the quarter, compared to the consensus estimate of $91.84 billion. Volkswagen had a return on equity of 3.18% and a net margin of 1.96%. As a group, equities research analysts predict that Volkswagen will post 2.23 earnings per share for the current year.

Volkswagen Company Profile

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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.

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