AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

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

VLVLY has been the subject of a number of other research reports. Citigroup raised AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. UBS Group upgraded shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

AB Volvo (publ) Trading Down 0.9 %

VLVLY stock opened at $24.25 on Wednesday. The firm has a market cap of $49.30 billion, a P/E ratio of 10.02 and a beta of 1.33. The company’s 50-day simple moving average is $25.68 and its 200-day simple moving average is $25.66. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. AB Volvo has a 52-week low of $22.73 and a 52-week high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings results 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%. As a group, equities analysts forecast 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.