AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a note issued to investors on Friday, Briefing.com reports.
A number of other equities analysts also recently weighed in on the company. Citigroup raised AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Barclays assumed coverage on shares of AB Volvo (publ) in a research note on Wednesday, July 10th. They set an “equal weight” rating for the company. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Report on AB Volvo (publ)
AB Volvo (publ) Stock Performance
AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) last announced its earnings results on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. The firm had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. On average, research analysts predict that AB Volvo will post 2.44 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.
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