Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Receives Consensus Recommendation of “Hold” from Brokerages

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) has received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

Several equities research analysts have commented on the stock. The Goldman Sachs Group began coverage on shares of Volkswagen in a research report on Sunday, November 23rd. They set a “neutral” rating on the stock. Zacks Research downgraded Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st.

Volkswagen Price Performance

VWAGY opened at $12.25 on Wednesday. Volkswagen has a 1 year low of $9.03 and a 1 year high of $12.83. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 1.99 and a beta of 1.18. The firm’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $11.26.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Volkswagen had a net margin of 1.99% and a return on equity of 3.26%. The firm had revenue of $93.67 billion for the quarter, compared to the consensus estimate of $78.07 billion. As a group, equities analysts anticipate that Volkswagen will post 2.53 EPS for the current year.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.