AB Volvo (OTCMKTS:VLVLY) Lowered to Strong Sell Rating by UBS Group

UBS Group downgraded shares of AB Volvo (OTCMKTS:VLVLY) from a strong-buy rating to a strong sell rating in a research report released on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the company. Morgan Stanley lowered AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Finally, Citigroup raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, AB Volvo presently has a consensus rating of “Hold”.

AB Volvo Trading Up 0.3%

Shares of AB Volvo stock opened at $33.48 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.97. The firm has a market cap of $68.08 billion, a PE ratio of 16.49, a PEG ratio of 5.63 and a beta of 1.13. The company has a 50 day simple moving average of $30.72 and a two-hundred day simple moving average of $29.51.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 17th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.13). The company had revenue of $11.75 billion for the quarter, compared to analysts’ expectations of $115.79 billion. AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. Analysts expect that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.