AB Volvo (publ) (OTCMKTS:VLVLY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

A number of brokerages recently weighed in on VLVLY. 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. Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Finally, HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

AB Volvo (publ) Trading Down 0.4 %

Shares of VLVLY opened at $26.18 on Wednesday. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $30.14. The stock has a fifty day moving average of $25.56 and a two-hundred day moving average of $25.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. The company has a market capitalization of $53.22 billion, a PE ratio of 10.86 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. The business 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%. As a group, analysts forecast that AB Volvo will post 2.34 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.