AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have issued reports on the stock. UBS Group upgraded shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th.

AB Volvo (publ) Stock Down 1.2 %

OTCMKTS VLVLY opened at $25.88 on Wednesday. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $30.14. The business has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $25.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The stock has a market capitalization of $52.61 billion, a PE ratio of 10.82 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. The company had revenue of $11.23 billion for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. Equities analysts expect that AB Volvo will post 2.34 earnings per share for the current fiscal year.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.