AB Volvo (publ) (OTCMKTS:VLVLY) Stock Rating Upgraded by JPMorgan Chase & Co.

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Wednesday, Marketbeat.com reports.

VLVLY has been the topic of a number of other research reports. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report 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. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Finally, UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AB Volvo (publ) has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 1.6 %

VLVLY stock opened at $24.64 on Wednesday. The business has a fifty day moving average price of $25.63 and a 200 day moving average price of $25.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. AB Volvo has a fifty-two week low of $22.77 and a fifty-two week high of $30.14. The stock has a market capitalization of $50.09 billion, a price-to-earnings ratio of 10.18 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The company had revenue of $11.23 billion for the quarter. Analysts expect that AB Volvo will post 2.36 EPS for the current fiscal year.

About AB Volvo (publ)

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.