AB Volvo (publ) (OTCMKTS:VLVLY) Given Average Recommendation of “Moderate Buy” by Analysts

AB Volvo (publ) (OTCMKTS:VLVLY) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have recently weighed in on VLVLY shares. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. UBS Group upgraded shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Finally, Citigroup raised AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th.

AB Volvo (publ) Trading Down 0.5 %

OTCMKTS:VLVLY opened at $26.05 on Friday. The stock has a market cap of $52.96 billion, a price-to-earnings ratio of 10.82 and a beta of 1.33. AB Volvo has a one year low of $20.35 and a one year high of $30.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. The business’s 50-day simple moving average is $25.74 and its 200 day simple moving average is $25.73.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The company had revenue of $11.23 billion during the quarter. As a group, sell-side 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.