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

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

VLVLY has been the subject of a number of research reports. Citigroup raised AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th.

AB Volvo (publ) Price Performance

VLVLY stock opened at $26.72 on Thursday. AB Volvo has a 52-week low of $23.27 and a 52-week high of $30.14. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $25.02 and a two-hundred day moving average of $25.37. The stock has a market cap of $54.32 billion, a price-to-earnings ratio of 11.04 and a beta of 1.29.

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.