AB Volvo (OTCMKTS:VLVLY) Stock Rating Lowered by UBS Group

AB Volvo (OTCMKTS:VLVLY) was downgraded by equities researchers at UBS Group from a “strong-buy” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

VLVLY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. The Goldman Sachs Group upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

AB Volvo Trading Up 0.3%

Shares of VLVLY stock opened at $33.48 on Tuesday. AB Volvo has a 12-month low of $22.55 and a 12-month high of $33.97. The company has a market capitalization of $68.08 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 5.63 and a beta of 1.13. The firm has a 50 day moving average price of $30.72 and a two-hundred day moving average price of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.13). The firm had revenue of $11.75 billion during the quarter, compared to analyst estimates of $115.79 billion. AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. As a group, analysts predict that AB Volvo will post 2.38 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.