HSBC upgraded shares of Volkswagen AG (NASDAQ:VLKAY) from a hold rating to a buy rating in a report released on Monday.

Several other brokerages have also recently commented on VLKAY. Zacks Investment Research cut Volkswagen AG from a buy rating to a hold rating in a research report on Saturday, October 22nd. Jefferies Group began coverage on Volkswagen AG in a research report on Tuesday, August 9th. They set an underperform rating for the company. Five analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $33.00.

Shares of Volkswagen AG (NASDAQ:VLKAY) traded down 0.13% during mid-day trading on Monday, hitting $27.59. The stock had a trading volume of 39,172 shares. The stock has a 50 day moving average of $28.66 and a 200-day moving average of $29.09. The stock has a market capitalization of $69.15 billion and a P/E ratio of 114.58. Volkswagen AG has a 52 week low of $24.50 and a 52 week high of $32.18.

Volkswagen AG Company Profile

Volkswagen AG is an automobile manufacturer and a carmaker. The Company develops vehicles and components for its brands. It also produces and sells vehicles. The activities of its Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

5 Day Chart for NASDAQ:VLKAY

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