UBS Group Upgrades AB Volvo (publ) (OTCMKTS:VLVLY) to “Strong-Buy”

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY opened at $31.35 on Wednesday. The stock has a market capitalization of $63.73 billion, a price-to-earnings ratio of 13.34 and a beta of 1.30. The business’s 50 day moving average is $27.06 and its two-hundred day moving average is $26.06. AB Volvo has a 12-month low of $23.27 and a 12-month high of $32.29. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

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

About AB Volvo (publ)

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.