Zacks Investment Research upgraded shares of Volkswagen AG (NASDAQ:VLKAY) from a hold rating to a buy rating in a research note published on Wednesday morning. They currently have $33.00 price objective on the stock.
According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “
Separately, Jefferies Group began coverage on Volkswagen AG in a research report on Tuesday, August 9th. They set an underperform rating on the stock.
Volkswagen AG (NASDAQ:VLKAY) opened at 29.01 on Wednesday. Volkswagen AG has a 1-year low of $24.50 and a 1-year high of $32.18. The stock has a 50 day moving average price of $29.02 and a 200 day moving average price of $29.26. The firm’s market capitalization is $72.71 billion.
About Volkswagen AG
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.
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