AB Volvo (OTCMKTS:VLVLY) Downgraded by Citigroup to Hold

AB Volvo (OTCMKTS:VLVLY) was downgraded by investment analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other equities analysts also recently commented on VLVLY. Zacks Research downgraded shares of AB Volvo from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Erste Group Bank downgraded shares of AB Volvo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

AB Volvo Trading Down 0.2%

VLVLY stock opened at $31.30 on Monday. AB Volvo has a twelve month low of $26.77 and a twelve month high of $39.62. The stock has a market capitalization of $63.65 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.85. The firm’s fifty day simple moving average is $33.27 and its two-hundred day simple moving average is $34.75.

AB Volvo (OTCMKTS:VLVLY) last released its earnings results on Friday, October 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. AB Volvo had a net margin of 8.12% and a return on equity of 21.50%. The firm had revenue of $12.04 billion during the quarter, compared to analyst estimates of $12.53 billion. As a group, analysts anticipate that AB Volvo will post 2.11 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.

The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.