AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded to “Neutral” at UBS Group

UBS Group upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a sell rating to a neutral rating in a report published on Friday morning, Marketbeat reports.

A number of other research firms have also commented on VLVLY. HSBC upgraded shares of AB Volvo (publ) from a “hold” rating to a “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. Hsbc Global Res upgraded shares of AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Barclays began coverage on shares of AB Volvo (publ) in a report on Wednesday, July 10th. They issued an “equal weight” rating for the company. Finally, Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AB Volvo (publ) currently has an average rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 1.0 %

Shares of VLVLY opened at $26.26 on Friday. The firm has a market cap of $53.39 billion, a price-to-earnings ratio of 10.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. AB Volvo has a fifty-two week low of $19.26 and a fifty-two week high of $30.14. The firm has a 50 day moving average price of $25.74 and a 200-day moving average price of $25.72.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. The firm had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. As a group, equities research analysts forecast that AB Volvo will post 2.44 earnings per share 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.