Volvo AB (VOLVY) Receives Average Recommendation of “Hold” from Analysts
Volvo AB (OTCMKTS:VOLVY) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the company. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.
A number of research analysts have recently issued reports on the company. Goldman Sachs Group Inc. downgraded Volvo AB from a “neutral” rating to a “sell” rating in a research note on Tuesday. Piper Jaffray Cos. downgraded Volvo AB from a “neutral” rating to an “underweight” rating in a research note on Friday, November 4th.
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Volvo AB Company Profile
Volvo AB is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. It operates through six segments: Trucks, Construction Equipment, Buses, Volvo Penta, Governmental Sales and Customer Finance.
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