AB Volvo (publ) (OTCMKTS:VLVLY) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a neutral rating to an overweight rating in a report issued on Wednesday morning, Marketbeat reports.

VLVLY has been the subject of a number of other reports. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Finally, Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AB Volvo (publ) has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

Shares of VLVLY stock opened at $24.64 on Wednesday. The stock has a market capitalization of $50.09 billion, a PE ratio of 10.18 and a beta of 1.33. The business’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $25.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. AB Volvo has a one year low of $22.77 and a one year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The company had revenue of $11.23 billion for the quarter. As a group, research analysts forecast that AB Volvo will post 2.36 earnings per share 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.