AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Wednesday,Briefing.com Automated Import reports.
A number of other research firms have also recently weighed in on VLVLY. HSBC upgraded shares of AB Volvo (publ) from a "hold" rating to a "buy" rating in a research report on Friday, August 30th. Hsbc Global Res raised shares of AB Volvo (publ) to a "strong-buy" rating in a research note on Friday, August 30th. 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 report on Monday, October 21st. Finally, UBS Group upgraded AB Volvo (publ) from a "sell" rating to a "neutral" rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".
View Our Latest Research Report on AB Volvo (publ)
AB Volvo (publ) Stock Performance
OTCMKTS:VLVLY opened at $24.25 on Wednesday. The stock has a 50-day moving average price of $25.68 and a 200 day moving average price of $25.66. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. AB Volvo has a 12-month low of $22.73 and a 12-month high of $30.14. The stock has a market capitalization of $49.30 billion, a P/E ratio of 10.02 and a beta of 1.33.
AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last issued its earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $11.23 billion for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. Equities research analysts forecast that AB Volvo will post 2.36 EPS for the current fiscal year.
About AB Volvo (publ)
(
Get Free Report)
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.
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