AB Volvo (OTCMKTS:VLVLY) Upgraded by Erste Group Bank to “Strong-Buy” Rating

Erste Group Bank upgraded shares of AB Volvo (OTCMKTS:VLVLY) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of OTCMKTS VLVLY opened at $37.94 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.10. AB Volvo has a fifty-two week low of $26.11 and a fifty-two week high of $39.62. The stock has a market cap of $77.15 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. The stock has a fifty day moving average of $34.96 and a 200-day moving average of $35.17.

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. AB Volvo had a return on equity of 20.16% and a net margin of 7.60%.The business had revenue of $13.09 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Equities research analysts anticipate that AB Volvo will post 2.2 earnings per share 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.