Volkswagen (OTCMKTS:VWAGY) Downgraded to “Strong Sell” Rating by Zacks Research

Volkswagen (OTCMKTS:VWAGY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Volkswagen currently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Down 4.0%

Shares of Volkswagen stock opened at $8.43 on Tuesday. The firm has a market cap of $42.26 billion, a price-to-earnings ratio of 5.98, a price-to-earnings-growth ratio of 0.24 and a beta of 1.07. Volkswagen has a 52-week low of $8.07 and a 52-week high of $12.83. The company’s 50-day simple moving average is $9.95 and its 200-day simple moving average is $10.90.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). Volkswagen had a net margin of 1.96% and a return on equity of 3.18%. The firm had revenue of $88.75 billion during the quarter, compared to analyst estimates of $91.84 billion. Equities research analysts anticipate that Volkswagen will post 2.23 EPS for the current year.

About Volkswagen

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.