Valeo (OTCMKTS:VLEEY) Lifted to “Hold” at Zacks Investment Research

Valeo (OTCMKTS:VLEEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Valeo SA designs, produces, and sells components, integrated systems, and modules for automobile industry. The Company has four business groups supplying products to the original equipment market and the aftermarket. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems. The Powertrain Systems offers electrical systems, transmission systems and hybrid and electric vehicle systems. The Thermal Systems products include climate control, compressors and front-end modules. The Comfort and Driving Assistance Systems products comprise driving assistance and access mechanisms. The Visibility Systems products are lighting systems, wiper Systems and wiper Motors. Valeo SA is headquartered in Paris, France. “

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Valeo in a research note on Friday, October 1st. Citigroup upgraded shares of Valeo from a “sell” rating to a “neutral” rating in a report on Thursday, October 7th. Royal Bank of Canada restated an “underperform” rating on shares of Valeo in a report on Wednesday, August 11th. The Goldman Sachs Group upgraded shares of Valeo from a “sell” rating to a “neutral” rating in a report on Sunday, September 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research note on Friday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.00.

VLEEY stock opened at $15.62 on Wednesday. The firm has a 50-day simple moving average of $14.73 and a 200-day simple moving average of $14.97. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.66. Valeo has a 52 week low of $12.12 and a 52 week high of $20.55.

Valeo Company Profile

Valeo SE is engaged in the design, production, and sale of components, integrated systems, and modules for the automobile industry. It operates through following business segments: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems and Visibility Systems. The Powertrain Systems segment deals with electrical, transmission, engine management, air management, and hybrid/electric vehicle systems.

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