Volkswagen (OTCMKTS:VWAGY) Lowered to Sector Perform Rating by Royal Bank of Canada

Volkswagen (OTCMKTS:VWAGY) was downgraded by stock analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday, Briefing.com reports.

A number of other analysts have also recently commented on VWAGY. Dbs Bank raised shares of Volkswagen to a “hold” rating in a research report on Tuesday, October 1st. Barclays raised shares of Volkswagen to a “strong-buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Volkswagen Stock Performance

Shares of VWAGY stock traded down $0.01 during trading on Wednesday, hitting $9.85. The company had a trading volume of 276,756 shares, compared to its average volume of 373,745. The firm has a market capitalization of $49.38 billion, a P/E ratio of 3.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.41. The stock’s 50-day moving average price is $10.65 and its 200 day moving average price is $12.12. Volkswagen has a one year low of $9.79 and a one year high of $16.48.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.27 EPS for the quarter. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The business had revenue of $86.25 billion during the quarter. On average, research analysts anticipate that Volkswagen will post 2.69 earnings per share for the current fiscal year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.