Volkswagen AG (VLKAY) Given Average Rating of “Buy” by Brokerages

Volkswagen AG (OTCMKTS:VLKAY) has earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $51.00.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Volkswagen from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Thursday, January 25th. Deutsche Bank raised Volkswagen from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Societe Generale raised Volkswagen from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Macquarie raised Volkswagen from a “neutral” rating to an “outperform” rating in a report on Friday, January 12th. Finally, Bank of America raised Volkswagen from an “underperform” rating to a “buy” rating in a report on Monday, January 29th.

Shares of Volkswagen (OTCMKTS:VLKAY) opened at $42.54 on Tuesday. The stock has a market capitalization of $104,780.00, a price-to-earnings ratio of 12.37, a PEG ratio of 0.36 and a beta of 1.80. Volkswagen has a 52 week low of $28.90 and a 52 week high of $46.53.

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Volkswagen 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.

Analyst Recommendations for Volkswagen (OTCMKTS:VLKAY)

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