AB Volvo (OTCMKTS:VLVLY) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Deutsche Bank Aktiengesellschaft lowered shares of AB Volvo (OTCMKTS:VLVLY) from a buy rating to a hold rating in a research report released on Tuesday morning, Marketbeat.com reports.

VLVLY has been the topic of a number of other research reports. The Goldman Sachs Group cut shares of AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Zacks Research lowered AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

AB Volvo Trading Down 1.7%

OTCMKTS VLVLY opened at $30.89 on Tuesday. The business’s fifty day moving average is $28.41 and its 200-day moving average is $28.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The stock has a market capitalization of $62.81 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 6.84 and a beta of 1.14. AB Volvo has a one year low of $22.55 and a one year high of $33.33.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 17th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). The company had revenue of $11.75 billion for the quarter, compared to analysts’ expectations of $115.79 billion. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%. Equities research analysts predict that AB Volvo will post 2.38 EPS for the current year.

About AB Volvo

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.