AB Volvo (OTCMKTS:VLVLY – Get Free Report) was downgraded by stock analysts at Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.
Separately, Zacks Research cut AB Volvo from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Research Report on AB Volvo
AB Volvo Trading Down 2.1%
Shares of VLVLY stock opened at $31.65 on Wednesday. AB Volvo has a 1 year low of $26.77 and a 1 year high of $39.62. The firm has a fifty day moving average price of $33.92 and a 200-day moving average price of $34.52. 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 company has a market cap of $64.35 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.77 and a beta of 1.22.
AB Volvo Company Profile
AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.
The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.
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