Volkswagen AG (VLKAY) Receives Average Recommendation of “Buy” from Brokerages
Volkswagen AG (OTCMKTS:VLKAY) has earned an average rating of “Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.
VLKAY has been the topic of several research analyst reports. Zacks Investment Research upgraded Volkswagen from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Saturday, October 21st. Societe Generale upgraded Volkswagen from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Credit Suisse Group began coverage on Volkswagen in a report on Wednesday, October 18th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a report on Wednesday, September 20th.
Shares of Volkswagen (OTCMKTS VLKAY) traded up $0.31 during trading on Thursday, hitting $39.36. The stock had a trading volume of 22,013 shares, compared to its average volume of 133,184. The firm has a market cap of $100,158.54, a price-to-earnings ratio of 13.15, a PEG ratio of 0.66 and a beta of 1.73. Volkswagen has a twelve month low of $27.86 and a twelve month high of $41.80.
Volkswagen Company Profile
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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