UBS Group upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY - Free Report) from a sell rating to a neutral rating in a research note released on Friday morning, Marketbeat Ratings reports.
Other research analysts have also issued reports about the stock. HSBC upgraded shares of AB Volvo (publ) from a "hold" rating to a "buy" rating in a report on Friday, August 30th. Barclays initiated coverage on shares of AB Volvo (publ) in a research report on Wednesday, July 10th. They set an "equal weight" rating on the stock. Stifel Nicolaus upgraded AB Volvo (publ) from a "hold" rating to a "buy" rating in a report on Monday. Hsbc Global Res upgraded AB Volvo (publ) to a "strong-buy" rating in a report on Friday, August 30th. Finally, Citigroup raised AB Volvo (publ) to a "hold" rating in a research report on Friday, October 11th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AB Volvo (publ) currently has an average rating of "Moderate Buy".
Check Out Our Latest Report on AB Volvo (publ)
AB Volvo (publ) Price Performance
VLVLY traded up $0.55 during trading on Friday, reaching $26.00. 58,924 shares of the stock were exchanged, compared to its average volume of 56,322. AB Volvo has a 1 year low of $19.26 and a 1 year high of $30.14. The company has a market capitalization of $52.86 billion, a price-to-earnings ratio of 10.74 and a beta of 1.33. The business's 50 day moving average price is $25.72 and its two-hundred day moving average price is $25.76. 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 released its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The business had revenue of $11.23 billion for the quarter. As a group, equities research analysts anticipate that AB Volvo will post 2.44 earnings per share for the current year.
AB Volvo (publ) Company Profile
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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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