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

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

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

AB Volvo (publ) Price Performance

Shares of OTCMKTS:VLVLY opened at $26.03 on Thursday. The firm has a market capitalization of $52.92 billion, a price-to-earnings ratio of 10.76 and a beta of 1.29. 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 business’s 50 day simple moving average is $24.92 and its 200-day simple moving average is $25.35. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14.

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.