AB Volvo (publ) (OTCMKTS:VLVLY) Rating Lowered to Underweight at Barclays

AB Volvo (publ) (OTCMKTS:VLVLY) was downgraded by equities research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued on Tuesday, MarketBeat.com reports.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY opened at $30.46 on Tuesday. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33. The company has a fifty day moving average price of $29.66 and a 200-day moving average price of $26.83. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The firm has a market cap of $61.93 billion, a price-to-earnings ratio of 12.96 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. As a group, equities research analysts predict that AB Volvo will post 2.38 EPS for the current fiscal 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.