AB Volvo (OTCMKTS:VLVLY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a strong buy rating on the company.

Separately, Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th.

AB Volvo Stock Performance

Shares of OTCMKTS VLVLY opened at $38.30 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $34.63 and a 200-day simple moving average of $35.02. The company has a market cap of $77.87 billion, a PE ratio of 20.37, a P/E/G ratio of 0.87 and a beta of 1.19. AB Volvo has a 12-month low of $26.11 and a 12-month high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $13.09 billion during the quarter, compared to analyst estimates of $12.92 billion. AB Volvo had a return on equity of 20.11% and a net margin of 7.60%. On average, equities research analysts forecast that AB Volvo will post 2.2 EPS for the current 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.