AB Volvo (OTCMKTS:VLVLY) Given Average Recommendation of “Moderate Buy” by Brokerages

AB Volvo (OTCMKTS:VLVLY) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a strong buy rating on the company.

Several research analysts have recently issued reports on VLVLY shares. Royal Bank Of Canada downgraded shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a report on Thursday.

AB Volvo Stock Performance

OTCMKTS:VLVLY opened at $33.51 on Friday. The firm’s 50-day moving average is $34.32 and its 200-day moving average is $34.19. AB Volvo has a 52-week low of $26.11 and a 52-week high of $39.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The company has a market cap of $68.14 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.74 and a beta of 1.18.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $12.42 billion. Equities research analysts anticipate that AB Volvo will post 2.33 earnings per share for the current 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.