AB Volvo (publ) (OTCMKTS:VLVLY) Research Coverage Started at Barclays

Barclays assumed coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY) in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage issued an equal weight rating on the stock.

AB Volvo (publ) Price Performance

Shares of VLVLY opened at $26.08 on Wednesday. The business’s 50-day moving average is $25.99 and its two-hundred day moving average is $26.18. The company has a market capitalization of $53.01 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. AB Volvo has a fifty-two week low of $19.26 and a fifty-two week high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results on Wednesday, April 17th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.08. AB Volvo (publ) had a return on equity of 29.66% and a net margin of 9.23%. The company had revenue of $12.62 billion for the quarter. Research analysts predict that AB Volvo will post 2.37 earnings per share 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.