Volkswagen AG (VLKAY) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of Volkswagen AG (NASDAQ:VLKAY) in a report released on Wednesday. The firm issued an outperform rating on the stock.

Several other brokerages have also issued reports on VLKAY. Zacks Investment Research raised shares of Volkswagen AG from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Saturday, September 23rd. Sanford C. Bernstein reissued a market perform rating on shares of Volkswagen AG in a report on Wednesday, September 20th. Finally, Jefferies Group LLC lowered shares of Volkswagen AG from a buy rating to a hold rating in a report on Monday, August 7th.

Shares of Volkswagen AG (NASDAQ VLKAY) traded down 0.65% during mid-day trading on Wednesday, reaching $35.25. 79,223 shares of the company traded hands. Volkswagen AG has a 52-week low of $27.00 and a 52-week high of $35.54. The stock’s 50 day moving average is $33.81 and its 200 day moving average is $32.00. The stock has a market capitalization of $88.35 billion and a PE ratio of 9.01.

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Volkswagen AG Company Profile

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

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