Volkswagen AG (NASDAQ:VLKAY) has received a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. Volkswagen AG’s rating score has declined by 20% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $19.86 for the company, according to Zacks. Zacks has also given Volkswagen AG an industry rank of 107 out of 265 based on the ratings given to related companies.
VLKAY has been the subject of a number of research analyst reports. Zacks Investment Research cut Volkswagen AG from a “buy” rating to a “hold” rating in a report on Saturday, June 25th. Jefferies Group initiated coverage on Volkswagen AG in a report on Tuesday, August 9th. They set an “underperform” rating for the company.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/13/volkswagen-ag-nasdaqvlkay-given-average-recommendation-of-hold-by-analysts.html
Volkswagen AG (NASDAQ:VLKAY) traded down 1.42% during trading on Tuesday, reaching $29.20. The company had a trading volume of 33,101 shares. Volkswagen AG has a 52 week low of $22.71 and a 52 week high of $38.37. The company’s 50-day moving average is $29.22 and its 200 day moving average is $29.25. The firm’s market capitalization is $73.19 billion.
About Volkswagen AG
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.
Get a free copy of the Zacks research report on Volkswagen AG (VLKAY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Volkswagen AG Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Volkswagen AG and related companies with MarketBeat.com’s FREE daily email newsletter.