Volkswagen (OTCMKTS:VWAGY) Downgraded by Royal Bank of Canada to “Sector Perform”

Royal Bank of Canada downgraded shares of Volkswagen (OTCMKTS:VWAGY) from an outperform rating to a sector perform rating in a research report sent to investors on Wednesday, Marketbeat.com reports.

Several other equities analysts also recently commented on VWAGY. Dbs Bank upgraded Volkswagen to a “hold” rating in a research note on Tuesday, October 1st. Barclays raised Volkswagen to a “strong-buy” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Volkswagen Stock Down 5.6 %

OTCMKTS:VWAGY opened at $9.30 on Wednesday. Volkswagen has a 12-month low of $9.10 and a 12-month high of $16.48. The stock’s 50 day moving average price is $10.61 and its two-hundred day moving average price is $12.10. The firm has a market capitalization of $46.60 billion, a price-to-earnings ratio of 3.52, a P/E/G ratio of 1.02 and a beta of 1.41.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. The business had revenue of $86.25 billion during the quarter. Equities research analysts expect that Volkswagen will post 2.69 EPS for the current year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.