Volkswagen AG (VLKAY) Given Consensus Recommendation of “Hold” by Brokerages

Volkswagen AG (OTCMKTS:VLKAY) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company. Three research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.00.

Several research firms have recently issued reports on VLKAY. HSBC Holdings plc raised Volkswagen AG from a “hold” rating to a “buy” rating in a research note on Wednesday, February 22nd. Berenberg Bank reaffirmed a “sell” rating on shares of Volkswagen AG in a research note on Monday, November 28th. Finally, Zacks Investment Research raised Volkswagen AG from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 26th.

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Shares of Volkswagen AG (OTCMKTS:VLKAY) traded up 0.116% during mid-day trading on Monday, hitting $30.155. 163,135 shares of the stock traded hands. The company has a market cap of $75.58 billion, a P/E ratio of 13.678 and a beta of 1.49. The stock has a 50 day moving average price of $30.87 and a 200-day moving average price of $29.73. Volkswagen AG has a one year low of $25.90 and a one year high of $33.75.

About Volkswagen AG

Volkswagen AG is a Germany-based automobile manufacturer. It operates through two segments: Automotive and Financial Services. The Automotive segment comprises the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as spare parts, diesel engines, turbo-machinery, special gear units, propulsion components and testing systems.

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