Volkswagen AG (OTCMKTS:VWAGY) Given Average Recommendation of “Hold” by Analysts

Shares of Volkswagen AG (OTCMKTS:VWAGY) have received a consensus rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities research analysts recently weighed in on VWAGY shares. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Morgan Stanley downgraded shares of Volkswagen from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 20th.

Volkswagen Stock Up 0.5 %

Volkswagen stock opened at $11.94 on Wednesday. Volkswagen has a 12-month low of $11.16 and a 12-month high of $16.48. The firm’s fifty day moving average price is $12.90 and its 200 day moving average price is $14.05.

Volkswagen (OTCMKTS:VWAGY) last released its earnings results on Monday, April 29th. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $81.93 billion during the quarter. Equities analysts anticipate that Volkswagen will post 3.13 EPS for the current year.

Volkswagen Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6401 dividend. This is a positive change from Volkswagen’s previous dividend of $0.64. The ex-dividend date was Friday, May 31st.

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.