AB Volvo (OTCMKTS:VLVLY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of AB Volvo (OTCMKTS:VLVLY) from a hold rating to a strong sell rating in a research report released on Monday morning,Zacks reports.

A number of other research analysts also recently issued reports on the company. Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th. Erste Group Bank upgraded shares of AB Volvo to a “strong-buy” rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of AB Volvo stock opened at $31.29 on Monday. The stock has a market cap of $63.63 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 1.10. The stock’s fifty day moving average is $35.19 and its 200 day moving average is $34.53. AB Volvo has a one year low of $26.11 and a one year high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $12.92 billion. Sell-side analysts anticipate that AB Volvo will post 2.15 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.