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

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) have received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have recently weighed in on VWAGY. HSBC reiterated a “buy” rating on shares of Volkswagen in a research report on Tuesday, January 13th. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Friday, January 16th. The Goldman Sachs Group initiated coverage on Volkswagen in a report on Sunday, November 23rd. They set a “neutral” rating on the stock. Finally, Zacks Research upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th.

Volkswagen Price Performance

Shares of Volkswagen stock opened at $10.62 on Monday. Volkswagen has a 52-week low of $9.20 and a 52-week high of $12.83. The firm has a market capitalization of $53.24 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.14. The company’s fifty day moving average price is $11.99 and its two-hundred day moving average price is $11.65.

About Volkswagen

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.