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

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

Several other research analysts have also issued reports on the company. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. Kepler Capital Markets downgraded Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Volkswagen Trading Up 4.2%

Volkswagen stock opened at $7.88 on Tuesday. The company has a market cap of $39.50 billion, a PE ratio of 28.00, a PEG ratio of 0.34 and a beta of 1.08. Volkswagen has a 1 year low of $7.38 and a 1 year high of $12.83. The company’s 50-day moving average is $8.25 and its two-hundred day moving average is $9.73.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings results on Thursday, October 29th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($1.39). The business had revenue of $83.82 billion for the quarter, compared to the consensus estimate of $88.08 billion. Volkswagen had a return on equity of 0.65% and a net margin of 0.41%. Research analysts forecast that Volkswagen will post 1.75 EPS for the current year.

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world’s largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.