Volkswagen AG (OTCMKTS:VWAGY) Given Average Recommendation of “Hold” by Analysts

Shares of Volkswagen AG (OTCMKTS:VWAGY) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

VWAGY has been the subject of several analyst reports. UBS Group upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, March 17th. Morgan Stanley upgraded Volkswagen from an “underweight” rating to an “equal weight” rating in a research report on Friday, April 25th. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Thursday, April 3rd. Finally, Sanford C. Bernstein upgraded Volkswagen to a “hold” rating in a research report on Thursday, May 1st.

Volkswagen Trading Down 0.4%

Shares of OTCMKTS VWAGY opened at $11.70 on Friday. The stock has a 50 day simple moving average of $10.89 and a 200-day simple moving average of $10.16. The company has a market cap of $58.65 billion, a PE ratio of 4.43, a P/E/G ratio of 1.03 and a beta of 1.30. Volkswagen has a 12-month low of $8.57 and a 12-month high of $15.41.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $86.25 billion. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. Sell-side analysts forecast that Volkswagen will post 2.53 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.