Volkswagen (OTCMKTS:VWAGY) Upgraded by Barclays to “Strong-Buy”

Volkswagen (OTCMKTS:VWAGY) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a report issued on Monday, Zacks.com reports.

Volkswagen Stock Up 2.4 %

Shares of VWAGY stock opened at $11.12 on Monday. Volkswagen has a 12-month low of $10.22 and a 12-month high of $16.48. The firm has a market capitalization of $55.74 billion, a price-to-earnings ratio of 3.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.41. The firm has a fifty day moving average of $11.29 and a 200-day moving average of $13.14.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter. Volkswagen had a net margin of 4.60% and a return on equity of 7.79%. The company had revenue of $89.71 billion during the quarter. Research analysts expect that Volkswagen will post 3.05 earnings per share for the current year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, Europe, 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. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.