Volkswagen (OTCMKTS:VWAGY) Upgraded by Morgan Stanley to "Equal Weight" Rating

Volkswagen (OTCMKTS:VWAGY - Get Free Report) was upgraded by research analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research note issued on Friday, MarketBeat.com reports.

A number of other equities research analysts have also issued reports on VWAGY. UBS Group raised shares of Volkswagen from a "strong sell" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup reissued a "buy" rating on shares of Volkswagen in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Volkswagen Price Performance

Volkswagen stock traded up $0.23 during midday trading on Friday, reaching $11.38. The stock had a trading volume of 117,632 shares, compared to its average volume of 252,769. The firm's fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $10.08. Volkswagen has a twelve month low of $8.57 and a twelve month high of $15.44. The firm has a market cap of $57.05 billion, a price-to-earnings ratio of 4.31, a PEG ratio of 1.03 and a beta of 1.31.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.38 EPS for the quarter. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. As a group, sell-side analysts predict that Volkswagen will post 2.53 EPS for the current fiscal year.

Volkswagen Company Profile

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.