AB Volvo (OTCMKTS:VLVLY) Stock Rating Upgraded by Pareto Securities

AB Volvo (OTCMKTS:VLVLY) was upgraded by equities research analysts at Pareto Securities to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Royal Bank Of Canada cut shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

AB Volvo Stock Up 0.1%

VLVLY stock opened at $33.51 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. AB Volvo has a twelve month low of $26.11 and a twelve month high of $39.62. The company’s 50 day moving average is $34.32 and its two-hundred day moving average is $34.19. The stock has a market cap of $68.14 billion, a P/E ratio of 16.51, a PEG ratio of 0.74 and a beta of 1.18.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings data on Friday, April 24th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $12.42 billion. Research analysts expect that AB Volvo will post 2.33 earnings per share for the current fiscal year.

About AB Volvo

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.