Dbs Bank Upgrades Volkswagen (OTCMKTS:VWAGY) to “Hold”

Volkswagen (OTCMKTS:VWAGY) was upgraded by investment analysts at Dbs Bank to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, Barclays upgraded Volkswagen to a “strong-buy” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Volkswagen has an average rating of “Hold”.

Volkswagen Trading Down 1.6 %

Shares of VWAGY opened at $10.55 on Tuesday. The company has a market capitalization of $52.89 billion, a PE ratio of 3.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.41. The business’s 50 day moving average is $11.13 and its 200 day moving average is $12.97. Volkswagen has a 12-month low of $10.22 and a 12-month high of $16.48.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Thursday, August 1st. The company reported $0.67 EPS for the quarter. The firm had revenue of $89.71 billion during the quarter. Volkswagen had a return on equity of 7.79% and a net margin of 4.60%. Equities research analysts predict that Volkswagen will post 3.06 earnings per share for the current year.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.