AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a neutral rating to an overweight rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Other equities analysts also recently issued reports about the stock. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Up 0.8 %

Shares of OTCMKTS VLVLY opened at $24.84 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The company has a 50-day moving average price of $25.61 and a 200-day moving average price of $25.63. The stock has a market capitalization of $50.50 billion, a P/E ratio of 10.26 and a beta of 1.33. AB Volvo has a 1 year low of $23.09 and a 1 year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $11.23 billion for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. On average, equities research analysts forecast that AB Volvo will post 2.36 EPS for the current fiscal 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.