Volkswagen (OTCMKTS:VWAGY) Stock Dropped to “Strong Sell” by Zacks Research

Zacks Research lowered shares of Volkswagen (OTCMKTS:VWAGY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks reports.

A number of other research analysts also recently issued reports on VWAGY. Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Finally, Kepler Capital Markets lowered shares of Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Volkswagen Stock Performance

Shares of VWAGY opened at $7.88 on Tuesday. The stock has a 50-day moving average of $8.25 and a two-hundred day moving average of $9.73. Volkswagen has a one year low of $7.38 and a one year high of $12.83. The stock has a market cap of $39.50 billion, a P/E ratio of 29.19, a P/E/G ratio of 0.34 and a beta of 1.08.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings results on Thursday, October 29th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of $0.33 by ($1.39). The business had revenue of $83.82 billion during the quarter, compared to analysts’ expectations of $88.08 billion. Volkswagen had a net margin of 0.41% and a return on equity of 0.65%. Analysts predict that Volkswagen will post 1.75 EPS for the current fiscal year.

About Volkswagen

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world’s largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.