AB Volvo (OTCMKTS:VLVLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY – Get Free Report) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a strong buy rating to the company.

Separately, Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th.

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AB Volvo Stock Performance

Shares of AB Volvo stock opened at $35.06 on Wednesday. The stock’s fifty day simple moving average is $34.05 and its 200 day simple moving average is $34.58. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $71.29 billion, a PE ratio of 17.27, a PEG ratio of 0.80 and a beta of 1.19. AB Volvo has a 12 month low of $26.11 and a 12 month high of $39.62.

AB Volvo (OTCMKTS:VLVLY – Get Free Report) last posted its earnings results on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $12.42 billion. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. On average, research analysts predict that AB Volvo will post 2.28 EPS for the current year.

About AB Volvo

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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.

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