Zacks Investment Research cut shares of Volkswagen AG (NASDAQ:VLKAY) from a buy rating to a hold rating in a report published on Tuesday morning.
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 “
Several other equities research analysts have also issued reports on the stock. Sanford C. Bernstein reissued a market perform rating on shares of Volkswagen AG in a report on Wednesday, September 20th. Jefferies Group LLC lowered shares of Volkswagen AG from a buy rating to a hold rating in a report on Monday, August 7th.
Volkswagen AG (VLKAY) traded up 0.92% on Tuesday, hitting $35.21. 76,187 shares of the stock traded hands. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $31.80. The firm has a market cap of $88.25 billion and a price-to-earnings ratio of 9.00. Volkswagen AG has a 12-month low of $27.00 and a 12-month high of $35.29.
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Volkswagen AG Company Profile
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The 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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