AB Volvo (publ) (OTCMKTS:VLVLY) Raised to Buy at HSBC

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Briefing.com reports.

Separately, Barclays began coverage on shares of AB Volvo (publ) in a report on Wednesday, July 10th. They issued an “equal weight” rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 0.5 %

Shares of OTCMKTS:VLVLY opened at $26.24 on Friday. The company has a market capitalization of $53.35 billion, a PE ratio of 11.07, a P/E/G ratio of 0.64 and a beta of 1.34. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. AB Volvo has a 12-month low of $19.26 and a 12-month high of $30.14. The business’s fifty day simple moving average is $25.36 and its 200-day simple moving average is $26.39.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. The business had revenue of $13.12 billion for the quarter. As a group, equities research analysts predict that AB Volvo will post 2.44 earnings per share for the current fiscal year.

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.