Volkswagen AG (VLKAY) Given Average Rating of “Buy” by Brokerages
Shares of Volkswagen AG (OTCMKTS:VLKAY) have earned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.00.
Separately, ValuEngine upgraded Volkswagen AG from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th.
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Volkswagen AG (OTCMKTS VLKAY) opened at 31.28 on Friday. The firm has a market cap of $78.40 billion, a price-to-earnings ratio of 8.17 and a beta of 1.52. Volkswagen AG has a 52-week low of $27.00 and a 52-week high of $34.12. The stock has a 50 day moving average of $31.71 and a 200-day moving average of $31.22.
About Volkswagen AG
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The 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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