AB Volvo (OTCMKTS:VLVLY) Raised to “Strong-Buy” at Erste Group Bank

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

Separately, Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of OTCMKTS VLVLY opened at $37.94 on Wednesday. The stock’s 50-day simple moving average is $34.96 and its two-hundred day simple moving average is $35.17. AB Volvo has a twelve month low of $26.11 and a twelve month high of $39.62. The firm has a market capitalization of $77.15 billion, a P/E ratio of 20.18, a P/E/G ratio of 0.87 and a beta of 1.18. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. The firm had revenue of $13.09 billion for the quarter, compared to analysts’ expectations of $12.92 billion. As a group, equities analysts anticipate that AB Volvo will post 2.2 EPS for the current fiscal year.

AB Volvo Company Profile

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.