VOLKSWAGEN AG/ADR (VWAGY) Stock Rating Lowered by Zacks Investment Research

VOLKSWAGEN AG/ADR (OTCMKTS:VWAGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “

OTCMKTS VWAGY traded up $0.13 on Friday, hitting $16.72. 56,737 shares of the stock were exchanged, compared to its average volume of 107,596. The company has a current ratio of 1.03, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. VOLKSWAGEN AG/ADR has a 52 week low of $14.70 and a 52 week high of $17.98. The firm has a market capitalization of $83.83 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.98 and a beta of 2.05.

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