Volvo Ab (NASDAQ:VLVLY) was upgraded by DNB Markets from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Zacks Investment Research cut Volvo Ab from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th.

Shares of Volvo Ab (NASDAQ:VLVLY) traded up 6.5091% during mid-day trading on Friday, reaching $18.1385. The company had a trading volume of 3,327 shares. Volvo Ab has a 52 week low of $10.09 and a 52 week high of $18.19. The firm has a market capitalization of $36.86 billion and a P/E ratio of 16.6408.

Volvo Ab (NASDAQ:VLVLY) last issued its earnings results on Wednesday, July 19th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $9.49 billion.

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