AB Volvo (publ) (OTCMKTS:VLVLY) Lifted 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 research note issued to investors on Friday morning, Marketbeat reports.

Other research analysts have also recently issued research reports about the company. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Barclays initiated coverage on AB Volvo (publ) in a report on Wednesday, July 10th. They issued an “equal weight” rating for the company. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Finally, Stifel Nicolaus upgraded 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 2.2 %

Shares of OTCMKTS VLVLY opened at $26.00 on Friday. The business’s 50 day moving average is $25.73 and its two-hundred day moving average is $25.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. AB Volvo has a 1-year low of $19.26 and a 1-year high of $30.14. The stock has a market capitalization of $52.86 billion, a P/E ratio of 10.97 and a beta of 1.33.

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