AB Volvo (OTCMKTS:VLVLY) Stock Bumped Down to Strong Sell by Zacks Research

Zacks Research lowered shares of AB Volvo (OTCMKTS:VLVLY) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks reports.

A number of other brokerages have also commented on VLVLY. Erste Group Bank upgraded shares of AB Volvo to a “strong-buy” rating in a report on Wednesday, August 5th. Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th. Four investment analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AB Volvo Trading Up 0.5%

OTCMKTS VLVLY opened at $31.37 on Monday. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.10 and a quick ratio of 0.82. The firm has a market cap of $63.79 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.73 and a beta of 1.22. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $34.54.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $13.09 billion during the quarter, compared to analysts’ expectations of $12.92 billion. AB Volvo had a return on equity of 20.16% and a net margin of 7.60%. Sell-side analysts anticipate that AB Volvo will post 2.15 earnings per share for the current fiscal year.

About AB Volvo

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.