Volkswagen AG (VLKAY) Upgraded at Zacks Investment Research
Volkswagen AG (NASDAQ:VLKAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $33.00 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 13.48% from the stock’s previous close.
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 “
Separately, Jefferies Group initiated coverage on Volkswagen AG in a research note on Tuesday, August 9th. They set an “underperform” rating for the company.
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Shares of Volkswagen AG (NASDAQ:VLKAY) traded down 0.41% during trading on Wednesday, reaching $29.08. The company’s stock had a trading volume of 37,082 shares. The company has a 50 day moving average of $29.01 and a 200-day moving average of $29.26. The stock’s market cap is $72.89 billion. Volkswagen AG has a 12-month low of $24.50 and a 12-month high of $32.18.
Volkswagen AG Company Profile
Volkswagen AG is an automobile manufacturer and a carmaker. The Company develops vehicles and components for its brands. It also produces and sells vehicles. The activities of its Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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