VOLKSWAGEN (VLKAY) Upgraded at Zacks Investment Research

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VOLKSWAGEN (OTCMKTS:VLKAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

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, ValuEngine upgraded shares of VOLKSWAGEN from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.00.

Shares of VOLKSWAGEN stock traded down $0.32 during trading on Thursday, reaching $32.01. 51,548 shares of the company traded hands. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.71. VOLKSWAGEN has a 1-year low of $30.22 and a 1-year high of $46.53.

VOLKSWAGEN (OTCMKTS:VLKAY) last released its earnings results on Wednesday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.21. VOLKSWAGEN had a net margin of 4.85% and a return on equity of 12.49%. The company had revenue of $72.96 billion for the quarter, compared to the consensus estimate of $71.88 billion. equities research analysts predict that VOLKSWAGEN will post 5.64 EPS for the current fiscal year.

VOLKSWAGEN Company Profile

Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.

Further Reading: Return on Investment (ROI)

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