Volkswagen AG (OTCMKTS:VWAGY) Receives Average Recommendation of “Hold” from Brokerages

Volkswagen AG (OTCMKTS:VWAGY) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company.

Several research firms recently commented on VWAGY. Dbs Bank upgraded Volkswagen to a “hold” rating in a report on Tuesday, October 1st. Barclays upgraded shares of Volkswagen to a “strong-buy” rating in a research note on Monday, September 23rd.

Volkswagen Trading Up 2.6 %

Shares of VWAGY stock opened at $10.49 on Friday. The stock has a market cap of $52.56 billion, a PE ratio of 3.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.41. Volkswagen has a 12 month low of $10.15 and a 12 month high of $16.48. The company’s fifty day moving average price is $10.90 and its 200-day moving average price is $12.50.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $89.71 billion for the quarter. Volkswagen had a net margin of 4.60% and a return on equity of 7.79%. On average, sell-side analysts forecast that Volkswagen will post 2.69 earnings per share for the current fiscal year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.