AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY - Free Report) from a hold rating to a moderate buy rating in a research note published on Tuesday, April 15th,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Barclays downgraded shares of AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. UBS Group upgraded AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on shares of AB Volvo (publ) in a research note on Tuesday, April 1st. They issued an "underperform" rating for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

AB Volvo (publ) Trading Down 0.7 %

Shares of AB Volvo (publ) stock traded down $0.20 during mid-day trading on Tuesday, hitting $25.95. 85,835 shares of the stock were exchanged, compared to its average volume of 191,999. The stock has a market capitalization of $52.76 billion, a price-to-earnings ratio of 11.04 and a beta of 1.19. AB Volvo has a twelve month low of $22.55 and a twelve month high of $33.33. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a 50-day simple moving average of $29.23 and a 200 day simple moving average of $26.92.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. Research analysts forecast that AB Volvo will post 2.38 EPS for the current year.

AB Volvo (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be paid a dividend of $1.6823 per share. The ex-dividend date is Friday, April 4th. This is a boost from AB Volvo (publ)'s previous dividend of $0.72. AB Volvo (publ)'s dividend payout ratio (DPR) is 25.96%.

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.