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

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have commented on VLVLY shares. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th.

AB Volvo (publ) Price Performance

Shares of OTCMKTS VLVLY opened at $30.61 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.97 and a current ratio of 1.29. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $31.37. The stock has a market cap of $62.23 billion, a PE ratio of 13.03 and a beta of 1.31. The stock has a fifty day moving average of $26.32 and a 200-day moving average of $25.77.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a return on equity of 28.80% and a net margin of 9.57%. Equities research analysts anticipate that AB Volvo will post 2.38 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.