Volkswagen AG (NASDAQ:VLKAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $33.00 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 13.01% from the company’s current price.

According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “

Separately, Jefferies Group assumed coverage on shares of Volkswagen AG in a report on Tuesday, August 9th. They issued an “underperform” rating for the company.

Volkswagen AG (NASDAQ:VLKAY) traded down 0.27% during midday trading on Wednesday, hitting $29.12. 8,840 shares of the stock were exchanged. The firm’s 50-day moving average is $29.02 and its 200 day moving average is $29.26. The stock’s market cap is $72.99 billion. Volkswagen AG has a 52 week low of $24.50 and a 52 week high of $32.18.

Volkswagen AG Company Profile

Volkswagen AG is an automobile manufacturer and a carmaker. The Company develops vehicles and components for its brands. It also produces and sells vehicles. The activities of its Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

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