Volvo Car AB (publ.) (NASDAQ:VLVOF) Rating Lowered to Hold at Nordea Equity Research

Volvo Car AB (publ.) (NASDAQ:VLVOFGet Rating) was downgraded by analysts at Nordea Equity Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities research analysts have also commented on VLVOF. DNB Markets lowered shares of Volvo Car AB (publ.) from a “buy” rating to a “hold” rating in a research note on Thursday, December 30th. Exane BNP Paribas downgraded shares of Volvo Car AB (publ.) from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Volvo Car AB (publ.) currently has a consensus rating of “Hold” and a consensus target price of 80.67.

NASDAQ:VLVOF opened at 5.74 on Tuesday. The company has a fifty day moving average price of 6.35. Volvo Car AB has a 52 week low of 5.74 and a 52 week high of 10.02.

About Volvo Car AB (publ.) (Get Rating)

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online.

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