Volkswagen AG (VLKAY) Given Average Rating of “Buy” by Brokerages
Volkswagen AG (OTCMKTS:VLKAY) has received an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company.
Several analysts have weighed in on VLKAY shares. Credit Suisse Group started coverage on shares of Volkswagen AG in a research note on Wednesday. They set an “outperform” rating on the stock. ValuEngine raised shares of Volkswagen AG from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th.
Shares of Volkswagen AG (OTCMKTS VLKAY) traded up 1.37% during trading on Wednesday, reaching $35.49. 67,737 shares of the company’s stock were exchanged. The company has a market capitalization of $88.95 billion, a PE ratio of 9.07 and a beta of 1.53. The company has a 50 day moving average price of $33.53 and a 200-day moving average price of $31.91. Volkswagen AG has a 52-week low of $27.00 and a 52-week high of $35.54.
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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