Volkswagen (OTCMKTS:VWAGY) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of Volkswagen (OTCMKTS:VWAGY) to a strong-buy rating in a research note published on Monday morning, Zacks.com reports.

Volkswagen Stock Up 2.4 %

Volkswagen stock opened at $11.12 on Monday. Volkswagen has a 52 week low of $10.22 and a 52 week high of $16.48. The firm has a market cap of $55.74 billion, a price-to-earnings ratio of 3.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.41. The business’s 50-day moving average price is $11.29 and its 200 day moving average price is $13.14.

Volkswagen (OTCMKTS:VWAGY) last posted its earnings results on Thursday, August 1st. The company reported $0.67 earnings per share for the quarter. Volkswagen had a net margin of 4.60% and a return on equity of 7.79%. The firm had revenue of $89.71 billion during the quarter. Equities analysts expect that Volkswagen will post 3.05 EPS for the current year.

Volkswagen Company Profile

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.