AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Rating of "Moderate Buy" from Brokerages

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

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

AB Volvo (publ) Price Performance

Shares of VLVLY traded down $1.21 during mid-day trading on Friday, hitting $26.18. 50,887 shares of the company traded hands, compared to its average volume of 56,653. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $53.22 billion, a price-to-earnings ratio of 10.82 and a beta of 1.33. The business has a 50-day moving average of $25.74 and a 200 day moving average of $25.73. AB Volvo has a one year low of $20.10 and a one year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $0.47 EPS 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 during the quarter. As a group, equities analysts expect that AB Volvo will post 2.44 earnings per share 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.