AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

VLVLY has been the topic of several other reports. Sanford C. Bernstein started coverage on shares of AB Volvo (publ) in a research note on Tuesday, April 1st. They set an “underperform” rating on the stock. Barclays cut AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. Finally, UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, AB Volvo (publ) has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 2.3 %

VLVLY opened at $26.15 on Tuesday. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $29.36 and a 200-day simple moving average of $26.91. The firm has a market cap of $53.16 billion, a P/E ratio of 11.13 and a beta of 1.19.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. On average, equities analysts expect that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be paid a $1.6823 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s dividend payout ratio (DPR) is currently 25.96%.

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.