Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Receives Average Rating of “Hold” from Brokerages

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) have received an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

VWAGY has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Volkswagen in a research note on Sunday, November 23rd. They issued a “neutral” rating on the stock. Zacks Research downgraded shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st.

Volkswagen Stock Up 0.6%

VWAGY stock opened at $12.27 on Wednesday. Volkswagen has a twelve month low of $9.03 and a twelve month high of $12.83. The firm has a market cap of $61.48 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.97 and a beta of 1.18. The business’s fifty day simple moving average is $11.58 and its two-hundred day simple moving average is $11.32.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). The company had revenue of $93.67 billion during the quarter, compared to the consensus estimate of $78.07 billion. Volkswagen had a return on equity of 3.26% and a net margin of 1.99%. Research analysts expect that Volkswagen will post 2.53 EPS for the current year.

About Volkswagen

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.