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

Shares of AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) have been given an average rating of "Moderate Buy" by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms recently issued reports on VLVLY. Hsbc Global Res upgraded 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 research note on Friday, August 30th. Barclays began coverage on AB Volvo (publ) in a research note on Wednesday, July 10th. They set an "equal weight" rating on the stock. Finally, Citigroup upgraded AB Volvo (publ) to a "hold" rating in a research note on Friday.

AB Volvo (publ) Stock Down 1.5 %

OTCMKTS VLVLY traded down $0.38 during trading hours on Tuesday, hitting $25.49. 36,017 shares of the company were exchanged, compared to its average volume of 55,319. The company has a 50 day moving average of $25.53 and a two-hundred day moving average of $25.84. 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 $19.26 and a 52-week high of $30.14. The firm has a market cap of $51.82 billion, a price-to-earnings ratio of 10.92 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The company had revenue of $13.12 billion for the quarter. Equities research analysts anticipate that AB Volvo will post 2.49 earnings per share 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.