Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Receives Consensus Recommendation of “Hold” from Analysts

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) has been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company.

Several research analysts have weighed in on the stock. Zacks Research downgraded shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. The Goldman Sachs Group initiated coverage on shares of Volkswagen in a report on Sunday, November 23rd. They issued a “neutral” rating on the stock.

Volkswagen Stock Performance

Shares of Volkswagen stock opened at $12.25 on Wednesday. The stock has a market capitalization of $61.41 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18. Volkswagen has a 52 week low of $9.03 and a 52 week high of $12.83. The stock has a 50 day moving average price of $11.43 and a two-hundred day moving average price of $11.26.

Volkswagen (OTCMKTS:VWAGY) last issued its earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Volkswagen had a return on equity of 3.26% and a net margin of 1.99%.The firm had revenue of $93.67 billion for the quarter, compared to analyst estimates of $78.07 billion. Research analysts forecast that Volkswagen will post 2.53 EPS for the current year.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.