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

AB Volvo (publ) (OTCMKTS:VLVLY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have recently commented on VLVLY shares. Hsbc Global Res upgraded shares of AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th.

AB Volvo (publ) Trading Down 2.0 %

OTCMKTS:VLVLY opened at $24.86 on Friday. AB Volvo has a 52 week low of $21.00 and a 52 week high of $30.14. The company has a fifty day moving average of $25.72 and a 200 day moving average of $25.73. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $50.54 billion, a P/E ratio of 10.48 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The business had revenue of $11.23 billion for the quarter. On average, research analysts predict that AB Volvo will post 2.44 earnings per share for the current 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.