AB Volvo (publ) (OTCMKTS:VLVLY) Given Consensus Rating of “Moderate Buy” by Brokerages

AB Volvo (publ) (OTCMKTS:VLVLY) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

Several equities research analysts recently weighed in on VLVLY shares. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Citigroup raised AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th.

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY opened at $26.03 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.29 and a quick ratio of 0.97. The company has a market cap of $52.92 billion, a P/E ratio of 10.76 and a beta of 1.29. The stock has a 50-day moving average of $24.92 and a two-hundred day moving average of $25.35. AB Volvo has a 1-year low of $23.27 and a 1-year high of $30.14.

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.