AB Volvo (publ) (OTCMKTS:VLVLY) Earns Underperform Rating from Analysts at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein initiated coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY) in a research report issued to clients and investors on Tuesday. The brokerage set an “underperform” rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays cut shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 25th. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Down 2.8 %

Shares of AB Volvo (publ) stock traded down $0.85 on Tuesday, reaching $29.29. The company’s stock had a trading volume of 162,202 shares, compared to its average volume of 197,176. The company has a market capitalization of $59.55 billion, a price-to-earnings ratio of 12.47 and a beta of 1.30. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. AB Volvo has a 52 week low of $23.27 and a 52 week high of $33.33. The firm’s fifty day simple moving average is $29.93 and its two-hundred day simple moving average is $26.97.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its 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%. Equities analysts anticipate that AB Volvo will post 2.38 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.