Volkswagen (OTCMKTS:VWAGY) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Volkswagen (OTCMKTS:VWAGY) from a sell rating to a hold rating in a report released on Wednesday, ValuEngine reports.

Several other research analysts also recently commented on VWAGY. Societe Generale reaffirmed a buy rating on shares of Volkswagen in a research note on Wednesday, October 21st. Morgan Stanley restated an equal weight rating on shares of Volkswagen in a report on Thursday, October 22nd. Sanford C. Bernstein started coverage on Volkswagen in a report on Tuesday, September 8th. They set an underperform rating for the company. The Goldman Sachs Group restated a buy rating on shares of Volkswagen in a report on Monday, October 19th. Finally, Zacks Investment Research cut Volkswagen from a buy rating to a hold rating in a report on Friday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold.

VWAGY stock opened at $19.22 on Wednesday. Volkswagen has a fifty-two week low of $10.60 and a fifty-two week high of $20.35. The business’s 50-day moving average is $17.32 and its two-hundred day moving average is $16.89. The company has a market cap of $96.35 billion, a price-to-earnings ratio of 16.43 and a beta of 1.52.

About Volkswagen

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; production and sale of passenger cars and light commercial vehicles; and the corresponding genuine parts business.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Volkswagen (OTCMKTS:VWAGY)

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