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Volkswagen AG (ADR) (VLKAY) [hlAlert]

Rating:
Buy VLKAY
3 Months Gains
down 13.45 %

Volkswagen AG (ADR) (VLKAY) rated Buy by Berenberg

Posted on: Monday,  Jul 29, 2013  8:25 AM ET by Berenberg

Volkswagen AG (ADR)
(OTCBB: VLKAY) rated Buy by Berenberg.

Volkswagen AG is a Germany-based automobile manufacturer. The Company develops vehicles and components, and also produces and sells vehicles, in particular Volkswagen brand passenger cars and commercial vehicles. The Company consists of two divisions: Automotive and Financial Services division. The Automotive division is responsible for the development of vehicles and engines, the production and sale of passenger cars, commercial vehicles, trucks and buses, and the genuine parts business. The Financial services division?s portfolio of services includes dealer and custom financing, leasing, banking and insurance activities, and fleet management. The Company brands include Audi, Skoda, Bentley, SEAT, Scania. During the year ended December 31, 2009, a total of four million vehicles were delivered to customers worldwide. On February 20, 2009, the Company acquired Scania AB. In December 2009, the Company acquired 49% of Porshe Zwischenholding GmbH.

Berenberg
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/29/2013 8:25 AM Buy
None
44.51
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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