AB Volvo (publ) (OTCMKTS:VLVLY) Given Average Rating of "Moderate Buy" by Brokerages

Shares of AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) have earned an average rating of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company.

VLVLY has been the subject of a number of recent research reports. Royal Bank of Canada upgraded shares of AB Volvo (publ) from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. UBS Group upgraded AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays lowered AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, March 25th. Finally, Sanford C. Bernstein started coverage on AB Volvo (publ) in a research report on Tuesday, April 1st. They issued an "underperform" rating on the stock.

AB Volvo (publ) Price Performance

Shares of VLVLY stock traded up $0.14 on Wednesday, reaching $27.77. The company's stock had a trading volume of 94,778 shares, compared to its average volume of 176,430. The stock's fifty day simple moving average is $27.26 and its 200-day simple moving average is $27.23. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $56.46 billion, a price-to-earnings ratio of 11.81 and a beta of 1.24.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.10). The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $131.15 billion. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. Analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo (publ) Company Profile

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.