Volkswagen AG (VLKAY) Upgraded by Societe Generale to Buy

Societe Generale upgraded shares of Volkswagen AG (NASDAQ:VLKAY) from a hold rating to a buy rating in a report released on Monday.

A number of other research firms have also recently commented on VLKAY. Credit Suisse Group assumed coverage on Volkswagen AG in a report on Wednesday, October 18th. They issued an outperform rating on the stock. Zacks Investment Research raised Volkswagen AG from a hold rating to a buy rating and set a $39.00 price objective on the stock in a report on Saturday, October 21st. Sanford C. Bernstein reaffirmed a market perform rating on shares of Volkswagen AG in a report on Wednesday, September 20th. Finally, Jefferies Group LLC cut Volkswagen AG from a buy rating to a hold rating in a report on Monday, August 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Volkswagen AG presently has a consensus rating of Hold and a consensus price target of $39.00.

Volkswagen AG (NASDAQ VLKAY) traded up 1.14% on Monday, hitting $37.56. 143,333 shares of the company traded hands. The firm has a market capitalization of $94.14 billion and a PE ratio of 9.60. The firm’s 50 day moving average price is $34.58 and its 200 day moving average price is $32.38. Volkswagen AG has a 1-year low of $27.00 and a 1-year high of $37.58.

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Volkswagen AG Company Profile

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

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