AB Volvo (OTCMKTS:VLVLY) Rating Lowered to Hold at Erste Group Bank

AB Volvo (OTCMKTS:VLVLY) was downgraded by analysts at Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Separately, Zacks Research downgraded AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

AB Volvo Stock Performance

Shares of VLVLY stock opened at $31.65 on Wednesday. The company has a market cap of $64.35 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22. The stock has a 50 day simple moving average of $33.92 and a 200-day simple moving average of $34.52. AB Volvo has a 12-month low of $26.77 and a 12-month high of $39.62. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.85.

About AB Volvo

AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.

The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.