VOLKSWAGEN (VLKAY) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of VOLKSWAGEN (OTCMKTS:VLKAY) from a sell rating to a hold rating in a research note released on Thursday.
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, ValuEngine cut VOLKSWAGEN from a hold rating to a sell rating in a report on Monday, July 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $46.00.
VOLKSWAGEN (OTCMKTS:VLKAY) last released its quarterly earnings results on Wednesday, August 1st. The company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.21. The firm had revenue of $72.96 billion during the quarter, compared to analysts’ expectations of $71.88 billion. VOLKSWAGEN had a return on equity of 12.49% and a net margin of 4.85%. equities analysts anticipate that VOLKSWAGEN will post 5.64 EPS for the current year.
VOLKSWAGEN Company Profile
Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.
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