Volkswagen (OTCMKTS:VWAGY) Downgraded to “Hold” at Zacks Investment Research

Volkswagen (OTCMKTS:VWAGY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “

Several other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Volkswagen from €210.00 ($221.05) to €230.00 ($242.11) and gave the stock a “buy” rating in a report on Wednesday, March 23rd. Credit Suisse Group assumed coverage on Volkswagen in a report on Thursday, February 17th. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $102.67.

OTCMKTS VWAGY traded down $0.23 on Tuesday, reaching $21.35. The company had a trading volume of 342,226 shares, compared to its average volume of 290,530. The stock has a market cap of $107.03 billion, a price-to-earnings ratio of 6.08 and a beta of 1.61. Volkswagen has a 52 week low of $19.67 and a 52 week high of $38.35. The stock’s 50 day moving average is $23.60 and its 200-day moving average is $28.03.

Volkswagen (OTCMKTS:VWAGY – Get Rating) last issued its earnings results on Tuesday, March 15th. The company reported $0.91 EPS for the quarter. Volkswagen had a return on equity of 10.48% and a net margin of 5.93%. The company had revenue of $72.74 billion during the quarter. As a group, equities research analysts predict that Volkswagen will post 3.52 earnings per share for the current fiscal year.

About Volkswagen (Get Rating)

Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.

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