Rating Action: Is Volkswagen AG (ADR) (OTC:VLKAY) a Stock to Buy After Goldman Sachs Upgrade?

November 23, 2016 - By Hazel Jackson

Rating Action:  Is Volkswagen AG (ADR) (OTC:VLKAY) a Stock to Buy After Goldman Sachs Upgrade?

Volkswagen AG (ADR) (OTC:VLKAY) Upgrade

Goldman Sachs has upped Volkswagen AG (ADR) (OTC:VLKAY) stock to “Buy” in a note revealed to clients and investors on 23 November. VLKAY’s old rating was “Sell”.

Volkswagen AG (ADR) (OTCMKTS:VLKAY) Ratings Coverage

Out of 4 analysts covering Volkswagen AG (ADR) (OTC:VLKAY), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Volkswagen AG (ADR) has been the topic of 4 analyst reports since September 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Natixis on Wednesday, September 23 to “Neutral”. The stock of Volkswagen AG (ADR) (OTCMKTS:VLKAY) has “Outperform” rating given on Wednesday, January 6 by BNP Paribas. The firm earned “Sell” rating on Tuesday, November 22 by Berenberg. JP Morgan downgraded the shares of VLKAY in a report on Wednesday, September 23 to “Neutral” rating.

About 121,012 shares traded hands. Volkswagen AG (ADR) (OTC:VLKAY) has declined 11.08% since April 21, 2016 and is downtrending. It has underperformed by 16.40% the S&P500.

Volkswagen AG is an automobile manufacturer and a carmaker. The company has a market cap of $67.66 billion. The Firm develops vehicles and components for its brands. It has a 199.41 P/E ratio. It also produces and sells vehicles.

According to Zacks Investment Research, “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”

VLKAY Company Profile

Volkswagen AG is an automobile maker and a carmaker. The Firm develops vehicles and components for its brands. The Firm also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Firm operates through four divisions: Passenger Cars, Commercial Vehicles, Power Engineering and Financial Services. The activities of the Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business. The Commercial Vehicles segment primarily comprises the development, production and sale of light commercial vehicles, trucks and buses, the corresponding genuine parts business and related services. The activities of the Power Engineering segment consist of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, as well as the production of gear units, propulsion components and testing systems. The activities of the Financial Services segment comprise dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services.

More important recent Volkswagen AG (ADR) (OTCMKTS:VLKAY) news were published by: Profitconfidential.com which released: “VW Stock: This Could Send Volkswagen AG (ADR) Soaring” on December 10, 2015, also Profitconfidential.com published article titled: “VW Stock: Has Volkswagen AG (ADR) Finally Bottomed?”, Profitconfidential.com published: “VLKAY Stock: Is the Worst Over for Volkswagen AG (ADR)?” on December 02, 2015. More interesting news about Volkswagen AG (ADR) (OTCMKTS:VLKAY) was released by: Profitconfidential.com and their article: “VLKAY Stock: This Could Send Volkswagen AG (ADR) Skyrocketing” with publication date: November 16, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>