Volkswagen (OTCMKTS:VWAGY) Rating Increased to Buy at Jefferies Financial Group

Volkswagen (OTCMKTS:VWAGY) was upgraded by stock analysts at Jefferies Financial Group from an “underperform” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, FlyOnTheWall reports.

A number of other equities research analysts also recently weighed in on VWAGY. Berenberg Bank upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. UBS Group cut shares of Volkswagen from a “neutral” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Citigroup raised shares of Volkswagen from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Volkswagen has an average rating of “Hold” and an average price target of $175.67.

Volkswagen Stock Performance

Shares of VWAGY stock opened at $13.05 on Tuesday. The firm has a 50 day moving average price of $15.08 and a two-hundred day moving average price of $16.16. Volkswagen has a 12-month low of $12.81 and a 12-month high of $20.69.

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; and production and sale of passenger cars and light commercial vehicles, and related parts.