Volkswagen (VLKAY) Raised to “Buy” at Deutsche Bank

Deutsche Bank upgraded shares of Volkswagen (OTCMKTS:VLKAY) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Marketbeat reports.

A number of other brokerages have also weighed in on VLKAY. Societe Generale upgraded shares of Volkswagen from a hold rating to a buy rating in a research note on Tuesday, October 31st. Credit Suisse Group started coverage on shares of Volkswagen in a research report on Wednesday, October 18th. They set an outperform rating for the company. Zacks Investment Research raised shares of Volkswagen from a hold rating to a buy rating and set a $39.00 price objective for the company in a research report on Saturday, October 21st. Finally, Sanford C. Bernstein reissued a market perform rating on shares of Volkswagen in a research report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $45.00.

Shares of Volkswagen (OTCMKTS:VLKAY) opened at $43.20 on Thursday. The firm has a market cap of $108,279.51, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74. Volkswagen has a 12 month low of $28.90 and a 12 month high of $43.08.

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Volkswagen 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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