AB Volvo (publ) (OTCMKTS:VLVLY) Cut to “Underweight” at Barclays

AB Volvo (publ) (OTCMKTS:VLVLY) was downgraded by investment analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued on Tuesday, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the stock. 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 shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

VLVLY opened at $30.46 on Tuesday. The stock has a market capitalization of $61.93 billion, a price-to-earnings ratio of 12.96 and a beta of 1.30. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $33.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28. The company has a fifty day moving average of $29.66 and a 200 day moving average of $26.83.

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