AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded to “Hold” by Citigroup

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by Citigroup to a “hold” rating in a report issued on Friday, Zacks.com reports.

VLVLY has been the topic of a number of other research reports. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Finally, Barclays started coverage on AB Volvo (publ) in a research report on Wednesday, July 10th. They issued an “equal weight” rating for the company. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Price Performance

VLVLY stock opened at $25.87 on Friday. The company has a market cap of $52.59 billion, a PE ratio of 10.92 and a beta of 1.33. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $25.84. AB Volvo has a 12-month low of $19.26 and a 12-month high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its earnings results on Thursday, July 18th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The business had revenue of $13.12 billion during the quarter. As a group, research analysts predict that AB Volvo will post 2.49 EPS 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.