AB Volvo (OTCMKTS:VLVLY) Rating Lowered to Hold at Erste Group Bank

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

Separately, Zacks Research cut AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

AB Volvo Stock Down 2.1%

AB Volvo stock opened at $31.65 on Wednesday. AB Volvo has a twelve month low of $26.77 and a twelve month high of $39.62. The stock has a 50 day moving average of $33.92 and a two-hundred day moving average of $34.52. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $64.35 billion, a price-to-earnings ratio of 17.20, a PEG 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.