AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded to Strong-Buy at UBS Group

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by investment analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AB Volvo (publ) has a consensus rating of “Buy”.

AB Volvo (publ) Stock Performance

Shares of VLVLY opened at $31.35 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28. The stock has a 50-day moving average of $27.06 and a two-hundred day moving average of $26.06. The stock has a market cap of $63.73 billion, a P/E ratio of 13.34 and a beta of 1.30. AB Volvo has a one year low of $23.27 and a one year high of $32.29.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. As a group, research analysts predict that AB Volvo will post 2.38 EPS for the current 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.