Zacks Research upgraded shares of Volkswagen (OTCMKTS:VWAGY – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.
Several other equities analysts have also commented on VWAGY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Kepler Capital Markets cut shares of Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. 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 given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Volkswagen has a consensus rating of “Moderate Buy”.
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Volkswagen Trading Up 1.3%
Volkswagen (OTCMKTS:VWAGY – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.30 earnings per share 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 for the quarter, compared to the consensus estimate of $92.92 billion. As a group, equities research analysts predict that Volkswagen will post 1.79 EPS for the current fiscal 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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