UBS Group Upgrades AB Volvo (publ) (OTCMKTS:VLVLY) to “Strong-Buy”

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

AB Volvo (publ) Trading Down 2.3 %

VLVLY stock opened at $31.35 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The company has a market cap of $63.73 billion, a price-to-earnings ratio of 13.34 and a beta of 1.30. The business has a fifty day simple moving average of $27.06 and a 200-day simple moving average of $26.06. AB Volvo has a 52 week low of $23.27 and a 52 week high of $32.29.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. On average, equities research analysts expect that AB Volvo will post 2.38 EPS 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.