Volkswagen AG Downgraded by Goldman Sachs to Neutral (VLKAY)
Volkswagen AG (NASDAQ:VLKAY) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Volkswagen AG (NASDAQ:VLKAY) traded up 2.32% on Tuesday, hitting $51.447. The stock had a trading volume of 34,204 shares. Volkswagen AG has a 52 week low of $34.30 and a 52 week high of $54.88. The stock’s 50-day moving average is $51.83 and its 200-day moving average is $48.68. The company has a market cap of $119.7 billion and a price-to-earnings ratio of 11.19.
A number of other analysts have also recently weighed in on VLKAY. Analysts at Credit Suisse initiated coverage on shares of Volkswagen AG in a research note on Thursday, February 6th. They set an “outperform” rating on the stock. Separately, analysts at HSBC downgraded shares of Volkswagen AG from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 4th. Finally, analysts at UBS AG downgraded shares of Volkswagen AG from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold”.
Volkswagen AG is a Germany-based automobile manufacturer. The Company develops vehicles and components, and also produces and sells vehicles, in particular Volkswagen brand passenger cars and commercial vehicles.
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