Volkswagen AG (VLKAY) Upgraded to “Hold” by Zacks Investment Research
Volkswagen AG (NASDAQ:VLKAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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, Jefferies Group started coverage on shares of Volkswagen AG in a research note on Tuesday, August 9th. They set an “underperform” rating for the company.
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Volkswagen AG (NASDAQ:VLKAY) traded down 0.74% on Tuesday, reaching $29.40. 16,694 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $29.22 and a 200-day moving average of $29.25. The firm’s market capitalization is $73.69 billion. Volkswagen AG has a 12 month low of $22.71 and a 12 month high of $38.37.
Volkswagen AG Company Profile
Volkswagen AG is a Germany-based automobile manufacturer and a carmaker in Europe. The Company develops vehicles and components, and produces and sells vehicles, in particular passenger cars and light commercial vehicles for the passenger cars and commercial vehicles brands. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.
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