Volkswagen (OTCMKTS:VWAGY) Stock Rating Cut to “Strong Sell” at Zacks Research

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

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Kepler Capital Markets cut shares of Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. One research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Performance

Shares of OTCMKTS VWAGY opened at $7.88 on Tuesday. The business has a 50 day simple moving average of $8.25 and a 200 day simple moving average of $9.73. Volkswagen has a 52 week low of $7.38 and a 52 week high of $12.83. The stock has a market cap of $39.50 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 0.34 and a beta of 1.08.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Thursday, October 29th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate 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 net margin of 0.41% and a return on equity of 0.65%. On average, analysts predict that Volkswagen will post 1.75 EPS for the current year.

About Volkswagen

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.