Zacks Investment Research cut shares of VOLVO AB UNSP ADR EACH REP 1 (NASDAQ:VLVLY) from a hold rating to a sell rating in a report issued on Wednesday morning.

According to Zacks, “Volvo AB is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. It also develops, manufactures and markets equipment for construction and related industries, including wheel and backhoe loaders, hydraulic wheeled and crawler excavators, articulated and rigid haulers, compactors, pavers, pipe layers, road machinery under the brand names of Volvo, SDLG and Terex Trucks. The Company offers repair and maintenance, lease financing, insurance and financial services. It operates primarily in Europe, North America, South America, Asia, and internationally. Volvo AB is headquartered in Gothenburg, Sweden. “

VOLVO AB UNSP ADR EACH REP 1 (NASDAQ:VLVLY) opened at 11.568 on Wednesday. The firm has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00. VOLVO AB UNSP ADR EACH REP 1 has a one year low of $8.69 and a one year high of $12.20. The company has a market cap of $23.49 billion and a price-to-earnings ratio of 17.607.

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