AB Volvo (OTCMKTS:VLVLY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

AB Volvo (OTCMKTS:VLVLY) has earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a strong buy recommendation to the company.

Several analysts have recently commented on VLVLY shares. Zacks Research lowered shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Erste Group Bank upgraded AB Volvo to a “strong-buy” rating in a report on Wednesday, August 5th.

AB Volvo Stock Performance

AB Volvo stock opened at $31.65 on Friday. The firm has a 50 day simple moving average of $33.92 and a 200-day simple moving average of $34.52. AB Volvo has a 1-year low of $26.77 and a 1-year high of $39.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.10 and a quick ratio of 0.82. The stock has a market cap of $64.35 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22.

About AB Volvo

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.