AB Volvo (OTCMKTS:VLVLY) Downgraded by Morgan Stanley to Equal Weight

AB Volvo (OTCMKTS:VLVLY) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Sanford C. Bernstein upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Finally, The Goldman Sachs Group upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

AB Volvo Stock Performance

Shares of OTCMKTS VLVLY traded down $0.63 during mid-day trading on Tuesday, hitting $33.26. The company had a trading volume of 10,702 shares, compared to its average volume of 80,885. AB Volvo has a 12 month low of $22.55 and a 12 month high of $33.97. The firm has a market cap of $67.64 billion, a P/E ratio of 16.39, a PEG ratio of 5.67 and a beta of 1.13. The business’s 50-day simple moving average is $30.47 and its 200-day simple moving average is $29.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, October 17th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.13). AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. The firm had revenue of $11.75 billion for the quarter, compared to the consensus estimate of $115.79 billion. As a group, analysts predict that AB Volvo will post 2.38 earnings per share for the current fiscal year.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.