AB Volvo (publ) (OTCMKTS:VLVLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have issued reports on VLVLY. Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Finally, HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

AB Volvo (publ) Stock Up 0.6 %

Shares of OTCMKTS VLVLY opened at $25.28 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The firm has a 50-day simple moving average of $25.58 and a two-hundred day simple moving average of $25.60. AB Volvo has a 1 year low of $23.27 and a 1 year high of $30.14. The company has a market cap of $51.39 billion, a P/E ratio of 10.45 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. The company had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. Research analysts anticipate that AB Volvo will post 2.36 earnings per share for the current 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.