AB Volvo (OTCMKTS:VLVLY) Given Average Rating of “Hold” by Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a strong buy rating to the company.

A number of analysts have recently issued reports on the company. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft downgraded AB Volvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Royal Bank Of Canada lowered AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. Finally, Morgan Stanley downgraded shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th.

AB Volvo Trading Up 0.3%

AB Volvo stock opened at $38.85 on Monday. AB Volvo has a one year low of $22.55 and a one year high of $39.62. The company’s fifty day moving average price is $35.56 and its two-hundred day moving average price is $31.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The company has a market capitalization of $79.00 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 9.14 and a beta of 1.13.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $14.01 billion during the quarter, compared to analysts’ expectations of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. On average, analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.