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

Zacks Research downgraded shares of Volkswagen (OTCMKTS:VWAGY) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

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

Volkswagen Stock Down 4.0%

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

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $91.84 billion. Equities analysts anticipate that Volkswagen will post 2.23 earnings per share for the current year.

Volkswagen Company Profile

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.