AB Volvo (OTCMKTS:VLVLY) Rating Lowered to Strong Sell at Zacks Research

AB Volvo (OTCMKTS:VLVLY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

VLVLY has been the subject of several other reports. Erste Group Bank upgraded AB Volvo to a “strong-buy” rating in a research note on Wednesday, August 5th. Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

AB Volvo Stock Up 0.5%

Shares of OTCMKTS VLVLY opened at $31.37 on Monday. AB Volvo has a 1 year low of $26.11 and a 1 year high of $39.62. The firm’s 50 day moving average price is $35.32 and its 200 day moving average price is $34.54. The firm has a market cap of $63.79 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 1.10.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, July 17th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. AB Volvo had a return on equity of 20.16% and a net margin of 7.60%.The company had revenue of $13.09 billion during the quarter, compared to the consensus estimate of $12.92 billion. As a group, sell-side analysts anticipate that AB Volvo will post 2.15 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.