Volkswagen AG (OTCMKTS:VWAGY) Receives Average Rating of “Hold” from Brokerages

Shares of Volkswagen AG (OTCMKTS:VWAGY) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company.

Separately, Morgan Stanley lowered Volkswagen from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 20th.

Volkswagen Stock Performance

VWAGY opened at $11.42 on Friday. The business has a fifty day moving average of $11.83 and a 200 day moving average of $13.78. Volkswagen has a 52-week low of $10.80 and a 52-week high of $16.48.

Volkswagen (OTCMKTS:VWAGY) last issued its earnings results on Thursday, August 1st. The company reported $0.67 earnings per share for the quarter. The firm had revenue of $89.71 billion during the quarter. On average, analysts expect that Volkswagen will post 3.1 EPS for the current fiscal year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.