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

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

Other equities analysts have also issued research reports about the company. Barclays initiated coverage on AB Volvo (publ) in a research note on Wednesday, July 10th. They issued an “equal weight” rating on the stock. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Up 0.3 %

Shares of OTCMKTS:VLVLY opened at $25.87 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The stock has a market cap of $52.59 billion, a price-to-earnings ratio of 10.92 and a beta of 1.33. The company has a 50 day moving average of $25.53 and a 200-day moving average of $25.84. AB Volvo has a one year low of $19.26 and a one year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its earnings results on Thursday, July 18th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $13.12 billion during the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. On average, sell-side analysts forecast that AB Volvo will post 2.49 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.