AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded by UBS Group to “Strong-Buy” Rating

UBS Group upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Separately, JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

AB Volvo (publ) Trading Down 2.3 %

OTCMKTS:VLVLY opened at $31.35 on Wednesday. AB Volvo has a one year low of $23.27 and a one year high of $32.29. The company’s 50-day simple moving average is $27.06 and its 200 day simple moving average is $26.06. The firm has a market capitalization of $63.73 billion, a P/E ratio of 13.34 and a beta of 1.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly 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 27.91% and a net margin of 9.57%. As a group, analysts forecast that AB Volvo will post 2.38 EPS 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.