Zacks Investment Research upgraded shares of Volkswagen AG (NASDAQ:VLKAY) from a hold rating to a buy rating in a research report sent to investors on Saturday. They currently have $38.00 target price on the stock.

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 “

Several other research analysts have also recently commented on VLKAY. Jefferies Group LLC cut Volkswagen AG from a buy rating to a hold rating in a research report on Monday, August 7th. Sanford C. Bernstein reaffirmed a market perform rating on shares of Volkswagen AG in a research report on Wednesday.

Shares of Volkswagen AG (NASDAQ:VLKAY) opened at 34.57 on Friday. The company has a market cap of $86.65 billion and a price-to-earnings ratio of 8.84. Volkswagen AG has a 1-year low of $27.00 and a 1-year high of $34.59. The firm’s 50-day moving average is $31.59 and its 200 day moving average is $31.38.

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Volkswagen AG Company Profile

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The 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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