Volkswagen (OTCMKTS:VWAGY) Stock Rating Upgraded by Hsbc Global Res

Volkswagen (OTCMKTS:VWAGY) was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

VWAGY has been the subject of several other reports. The Goldman Sachs Group started coverage on Volkswagen in a research note on Sunday, November 23rd. They set a “neutral” rating for the company. HSBC reiterated a “buy” rating on shares of Volkswagen in a research note on Tuesday. Finally, Zacks Research downgraded shares of Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Volkswagen presently has an average rating of “Hold”.

Volkswagen Stock Performance

Shares of OTCMKTS VWAGY opened at $12.23 on Tuesday. Volkswagen has a 1 year low of $9.20 and a 1 year high of $12.83. The stock’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $11.45. The firm has a market cap of $61.30 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.03 and a beta of 1.15.

Volkswagen (OTCMKTS:VWAGY) last issued 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). Volkswagen had a net margin of 1.99% and a return on equity of 3.26%. The business had revenue of $93.67 billion during the quarter, compared to analysts’ expectations of $78.07 billion. As a group, research analysts predict that Volkswagen will post 2.53 EPS for the current year.

Volkswagen Company Profile

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.