AB Volvo (publ) (OTCMKTS:VLVLY) Coverage Initiated by Analysts at Barclays

Equities researchers at Barclays assumed coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set an "equal weight" rating on the stock.

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AB Volvo (publ) Price Performance

AB Volvo (publ) stock traded up $0.36 during midday trading on Wednesday, reaching $25.27. The company had a trading volume of 90,409 shares, compared to its average volume of 45,601. The company has a market capitalization of $51.37 billion, a P/E ratio of 10.51, a P/E/G ratio of 0.63 and a beta of 1.34. AB Volvo has a 12-month low of $19.26 and a 12-month high of $30.14. The firm's fifty day simple moving average is $25.98 and its 200-day simple moving average is $26.19. 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 (publ) (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.08. The firm had revenue of $12.62 billion for the quarter. AB Volvo (publ) had a net margin of 9.23% and a return on equity of 29.66%. As a group, equities analysts anticipate that AB Volvo will post 2.4 EPS for the current year.

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AB Volvo (publ) Company Profile

(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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