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

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings 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.

Several research analysts have weighed in on VLVLY shares. 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. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th.

AB Volvo (publ) Trading Down 0.4 %

AB Volvo (publ) stock opened at $24.05 on Friday. AB Volvo has a 1 year low of $23.27 and a 1 year high of $30.14. The firm’s 50 day moving average price is $25.14 and its two-hundred day moving average price is $25.37. The firm has a market cap of $48.89 billion, a price-to-earnings ratio of 9.94 and a beta of 1.30. 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 (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. The company 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%. On average, research analysts predict that AB Volvo will post 2.34 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.