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

Citigroup upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) to a hold rating in a research report released on Friday, Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. Barclays initiated coverage on AB Volvo (publ) in a report 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 upgraded shares of AB Volvo (publ) to a strong-buy rating in a research note on Friday, August 30th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy.

AB Volvo (publ) Trading Up 0.3 %

VLVLY opened at $25.87 on Friday. The firm has a market cap of $52.59 billion, a price-to-earnings ratio of 10.92 and a beta of 1.33. The stock has a fifty day moving average price of $25.53 and a 200-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. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91.

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