AB Volvo (publ) (OTCMKTS:VLVLY) Downgraded to “Underweight” Rating by Barclays

AB Volvo (publ) (OTCMKTS:VLVLY) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports.

A number of other research firms have also recently issued reports on VLVLY. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Price Performance

VLVLY opened at $30.71 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $29.44 and its 200 day simple moving average is $26.76. The firm has a market cap of $62.43 billion, a price-to-earnings ratio of 13.07 and a beta of 1.30. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. As a group, analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.